The Ports and Maritime Organization of Iran said it would grant interest-free loans to individuals who apply to buy passenger ships, according to the director of Bushehr province’s ports authority, as reported by IRNA. Majid Rastad said that the loans will be awarded with the aim of developing and renovating sea transportation systems in accordance with the actual demand. The Ports and Maritime Organization has made large investments in developing southern Genaveh Port and Kharg Island marine passenger terminals, the official further asserted.