CEO of IRISL Mohammad Saeedi said Iran will take delivery of the first South Korean containership between March and April 2018, reported Tasnim News Agency, Tehran.
The IRISL signed a deal to buy 10 ships, including 14,500 TEU container ships and 50,000 DWT product tankers, from HHI in December 2016.
The US$650 million contract was financed by Korean banks. The ship order is part of the shipping line's plans to renovate its fleet through a total investment of $2.5 billion.
The company operates 115 vessels, however, some of the ships are old, have been deemed unsafe to travel and cannot be insured.
The IRISL signed a deal to buy 10 ships, including 14,500 TEU container ships and 50,000 DWT product tankers, from HHI in December 2016.
The US$650 million contract was financed by Korean banks. The ship order is part of the shipping line's plans to renovate its fleet through a total investment of $2.5 billion.
The company operates 115 vessels, however, some of the ships are old, have been deemed unsafe to travel and cannot be insured.