- Iranians holding Ashura mourning for Imam Hussein
- Third step: Iran officially informs EU of plan to expand nuclear R&D
- Iran expands nuclear R&D program: Rouhani
- Iran goes ahead in space tech, despite US sanctions: ISA
- Resistance Front undermining Israeli regime power: Top commander
- Iran: 7 crew members of detained UK ship freed
- US addiction to sanction threaten its power: Iran’s Zarif
- Dutch role in 2007 Stuxnet attack on Iran’s nuclear site under scrutiny: Iraian FM Spox.
- Iran: ‘Sustainable Security 2019’ kicks off in Caspian Sea
- Iran’s Zarif leaves Tehran for Moscow
- Shiraz University ranked 1st in liver transplantation: Iranian health official
- Japan’s Abe to meet Iran’s president to discuss easing tension in region
- Downing of US spy drone shattered war threats against Iran: Top IRGC commander
- IAEO head reports development of first ion-therapy hospital in west of Asia
- Iranian Taekwondo team wins 2019 World Cup championship
- US sanctions failed to force Iran to buckle: Report
- Crew fixing Iran oil tanker broken down in Red Sea
- As Iranians hold nerves, US seeks to scare off trade
- Leader expresses concern about Kashmir, urges India to follow fair policy toward Muslim-majority region
- Iran saffron exports down due to smuggling, government restrictions: Exporter
- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
- Iran’s resistance policy led to release of oil tanker: MP
- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
- Iran hails N Korea for standing against ‘unilateral’ US demands
- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
- Zarif says to meet French president Friday
- Iranian court hearing case of UK oil tanker
- Over half of Japanese voters oppose joining US-led anti-Iran coalition in Persian Gulf: Poll
- IME trade ups by 21 percent in July
- Finland backs INSTEX in defiance of US
- US anti-Iran policy in high seas harms Europeans: LA Times
- Iran, China confer on Syria
- Iran, Finland share views on Persian Gulf dialogue forum: Zarif
- Iran warns US against seizure of oil tanker
- Iraq eager to benefit from Iranian Police’s experience
- Iran planning 3rd step to reduce nuclear commitments: Spokesman
- Leader grants clemency to over 1,000 Iranian inmates
- Registration for Arbaeen Pilgrimage to begin in Iran on Friday
- Iran, Iraq agree to reopen Khosravi border crossing
- Iran deplores suicide attack at Kabul wedding hall
- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
- Adrian Darya oil tanker not under any sanctions, says Iran envoy
- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
- Iran’s annual export of white meat tops 2.5m tons: Minister
- Iranian scientist discovers new state of matter
- Iran, Japan diplomats discuss bilateral ties
- Iran, Ansarullah, European representatives Yemen developments
- ‘Iran to become self-sufficient in producing aircraft engines'
- US issues seizure warrant for Iranian supertanker 'Grace 1'
- Neanderthal tooth unearthed near Iran’s Zagros mountain
- Iran’s Zarif due in Kuwait on Saturday
- US faces humiliating defeat after Gibraltar releases Iranian tanker: Envoy
- Spokesman rejects claim on Iran’s commitment in exchange for tanker release
- Zarif reacts to release of Iranian tanker in Gibraltar
- Israel, UAE engaged in secret talks on Iran arranged by US: Report
- US threatens visa ban as Iranian-operated tanker sets to sail from Gibraltar
- Enemies must factor Iran's global power in their calculations: IRGC's chief commander
- Trump’s administration conflicting messages to Iran baffle go-betweens: Report
- Gibraltar releases Iran-operated tanker despite US pressure
TEHRAN, May 15, YJC - The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said the Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) has been introduced to import the technology of building giant ships from South Korea.
TEHRAN, Young Journalists Club (YJC) - Speaking to reporters at a press conference in Tehran on Sunday, Mohammad Saeedi said one of the main plans of the IRISL is to revive contracts that had been suspended during the sanctions-era with the aim of renovating the IRISL’s fleet and increasing the country’ competitiveness.
He added that before the sanctions, Iran signed a contract with South Korea’s Hyundai Heavy Industries Co. (HHI) to build 17 giant ships for the IRISL and $158 million was paid as a prepayment in 2008.
The contract was, however, suspended because of the sanctions in 2010, the official said.
He noted that the contract came into force again following a year of negotiations with the South Korean company.
Saeedi further pointed to the latest efforts to import the technology of building mega-size ships and said the ISOICO is planned to receive the technology from the HHI.
The IRISL signed a deal with the HHI to buy 10 ships from the world’s largest shipbuilding company back in December 2016. It will be financed by South Korean banks.
Under the contract, valued at US$650 million, Hyundai will build 14,500 TEU container ships and 50,000 DWT product tankers.
The contract has been part of the IRISL’s plans to renovate its fleet through a total investment of $2.5 billion.
The company operates about 115 oceangoing vessels, but many of the ships are old, have been deemed unsafe to travel and cannot be insured.
The agreement marks Iran's first deal with a foreign shipbuilder since the removal of the anti-Tehran sanctions.
The sanctions were lifted after Tehran and the Group 5+1 (Russia, China, the US, Britain, France, and Germany) on July 14, 2015, finalized a lasting nuclear deal and started implementing it on January 16, 2016.
Source: Tasnim News Agency
He added that before the sanctions, Iran signed a contract with South Korea’s Hyundai Heavy Industries Co. (HHI) to build 17 giant ships for the IRISL and $158 million was paid as a prepayment in 2008.
The contract was, however, suspended because of the sanctions in 2010, the official said.
He noted that the contract came into force again following a year of negotiations with the South Korean company.
Saeedi further pointed to the latest efforts to import the technology of building mega-size ships and said the ISOICO is planned to receive the technology from the HHI.
The IRISL signed a deal with the HHI to buy 10 ships from the world’s largest shipbuilding company back in December 2016. It will be financed by South Korean banks.
Under the contract, valued at US$650 million, Hyundai will build 14,500 TEU container ships and 50,000 DWT product tankers.
The contract has been part of the IRISL’s plans to renovate its fleet through a total investment of $2.5 billion.
The company operates about 115 oceangoing vessels, but many of the ships are old, have been deemed unsafe to travel and cannot be insured.
The agreement marks Iran's first deal with a foreign shipbuilder since the removal of the anti-Tehran sanctions.
The sanctions were lifted after Tehran and the Group 5+1 (Russia, China, the US, Britain, France, and Germany) on July 14, 2015, finalized a lasting nuclear deal and started implementing it on January 16, 2016.
Source: Tasnim News Agency
Your Comment