Sina Port and Marine Services Development Company
Sina Port and Marine Services Development Company is an Iran Fara Bourse-listed port operator controlled through Parsian Tourism and Recreational Centers Company by Bonyad Mostazafan Revolutionary Foundation. It handles container, bulk and liquid cargo, warehousing and marine services across Iranian southern and Caspian ports. Its network makes it relevant to Iranian trade logistics, while U.S. sanctions designation sharply limits international counterparties.
Market position
A multi-port Iranian terminal and marine-services operator with operations across southern and Caspian ports. The company has been listed on Iran Fara Bourse since 22 February 2014 under ticker حسینا.
Operations & footprint
Products and services
Sina Port and Marine Services Development Company provides container and general-cargo handling, dry-bulk terminal operation, warehousing, port terminal management, vessel and marine services, stevedoring, container-yard operations, oil-terminal and tank-related services, customs-linked cargo services, port logistics, equipment operation and infrastructure services at several Iranian ports including Shahid Rajaee, Imam Khomeini, Bushehr, Amirabad, Anzali, Nowshahr and Chabahar-related port locations.
Operations and assets
Operating assets include container terminals and yards, general- and dry-bulk handling facilities, warehouses, liquid-bulk terminals and petroleum-product tank farms. The company also manages port infrastructure and provides berth construction and maintenance services.
Geographic footprint
Headquartered in Tehran. Southern operations include Bandar Imam Khomeini, Bandar Bushehr, Shahid Rajaee in Bandar Abbas, and Chabahar. Caspian operations include Amirabad, Nowshahr and Bandar Caspian in the Anzali Free Zone.
Ownership & group structure
Ownership
Direct parent: Parsian Tourism and Recreational Centers Company. Ultimate parent: Bonyad Mostazafan Revolutionary Foundation.
Parent company
Parsian Tourism and Recreational Centers Company.
Reported scale
Employees: Approximately 2,500 personnel as of 2024. Scale note: Recent annual operating revenue exceeded IRR 5,600 billion as of 2024. Operating revenue for FY 1401 exceeded IRR 3,673 billion.
Commercial and investment relevance
Sina is highly relevant for investors assessing Iranian port concessions, container handling, dry bulk, warehouse infrastructure, terminal productivity and import/export logistics. It is also a high-compliance-risk counterparty because the company is currently identified on the U.S. OFAC SDN list. Any diligence must verify current sanctions status, ultimate ownership, Bonyad Mostazafan links, port concessions, terminal contracts, shipping-line relationships, cargo counterparties, insurance, banks, equipment suppliers and the jurisdictional exposure of all transaction participants. Sina is a port-services counterparty for containerised, general-cargo, dry-bulk and liquid-bulk supply chains. Its network connects cargo owners, shipping agents and logistics providers to major Iranian gateways, including Shahid Rajaee, Bandar Imam Khomeini and Chabahar.
Constraints, risk & compliance
Key risks and constraints
Operating performance depends on continued access to port concessions, terminal agreements and cargo volumes across its multi-port network. The company’s U.S. sanctions designation constrains banking, insurance, shipping, equipment procurement and international commercial engagement.
Sanctions and compliance considerations
Sina Port and Marine Services Development Company was designated on the U.S. OFAC Specially Designated Nationals and Blocked Persons List on 18 November 2020 under Executive Order 13876 in connection with Bonyad Mostazafan Revolutionary Foundation. Transactions require sanctions, ownership, jurisdiction and payment-route screening.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Sina Port and Marine Services Development Company do?
The company operates port terminals and provides cargo handling, stevedoring, container-yard, warehousing, marine-agency and liquid-bulk terminal services.
Where does Sina operate?
Its operations span Tehran and Iranian ports including Shahid Rajaee in Bandar Abbas, Bandar Imam Khomeini, Bushehr, Chabahar, Amirabad, Nowshahr and Bandar Caspian in the Anzali Free Zone.
Is Sina Port and Marine Services Development Company publicly listed?
Yes. The company has been listed on Iran Fara Bourse since 22 February 2014 under the Persian ticker حسینا, with ISIN IRO3SMBZ0000.
What sanctions consideration applies to Sina?
The company has been listed by U.S. OFAC as a Specially Designated National since 18 November 2020. Any proposed engagement requires transaction-specific sanctions and ownership screening.