INSUBCONTINENT EXCLUSIVE:
TEHRAN Iran needs around $4.0 billion in moneying to develop its maritime fleet, a senior official at the Industrial Development and
Renovation Organization (IDRO) stated, adding that settlements are underway to produce specialized steel for shipbuilding.Mohammad Esmaeili,
head of IDROs Marine Industries Department, specified that fulfilling all of Irans fleet growth requirements would need a financial
investment of $3.0 billion to $4.0 billion over a 10-year duration to completely make use of domestic capabilities
So far, no funds have actually been assigned by the government for this sector, Esmaeili stated
IDRO has actually drafted the monetary model for the plan and is in talks with the Planning and Budget Organization to secure the required
He included that designating these funds could produce between 36,000 and 37,000 direct and indirect jobs, including positions at
shipbuilding backyards and onboard vessels.Regarding the domestic shipbuilding markets abilities and the effect of sanctions, Esmaeili kept
in mind that no shipyard declares to source all ship components domestically
He highlighted the need to enhance and incorporate Irans shipbuilding supply chain
For circumstances, we are working out with a local company to start producing the specialized marine-grade steel needed for shipbuilding,
he said.Esmaeili highlighted that the modernization and advancement of Irans fleet require government-backed funding tailored to the
One key aspect of the strategy involves consolidating demand and working together with regional manufacturers.Currently, locally produced
parts comprise about 30 percent of Iranian vessels
For smaller sized vessels, this figure rises to 50-60 percent
The strategy aims to increase the domestic production share of some equipment to 70-90 percent and propulsion systems to 50
percent.According to the authorities, the initiative would offer long-term employment, improve cargo transportation capability, and assist
Iran reclaim its lost market share in worldwide shipping, particularly in bunkering and fuel supply
It would likewise boost the countrys fishing industry, increase domestic production depth, and assist in innovation transfer.Irans maritime
fleet consists of business, service, tourist, and fishing vessels, with almost 1,000 Iranian-flagged ships.Esmaeili noted that Iran operates
around 200 industrial vessels transporting exports and imports, consisting of oil and important goods
Due to sanctions, Iranian companies have struggled to upgrade their fleets, frequently required to buy vessels at inflated costs or lease
If the fleet is not updated, serious obstacles in oil exports and goods imports will arise, resulting in capital outflows, he
warned.Regarding service vessels, he said about 130 ships support Irans offshore oil and gas platforms in the Persian Gulf and the Sea of
A number of these vessels are aging and no longer economically viable
Without modernization, Iran could deal with considerable operational difficulties in keeping offshore platforms, specifically under
sanctions.To achieve the federal governments target of 1.8 million tons of fishery output by the end of the Seventh Development Plan,
financial support is required to update the fishing fleet
A lot of Irans wood and metal fishing boats are outdated, and the country stays weak in deep-sea fishing operations.Esmaeili likewise
stressed the requirement to establish maritime tourist by updating guest vessels connecting Irans islands
Most of these vessels are old and do not have contemporary technology, he stated
Fleet modernization is important for advancing Irans tourist and fishing markets
