DSME Enters Shipbuilding Deal with Iran

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and Renovation Organization of Iran (IDRO) have agreed a mutual cooperation related to the Iranian shipbuilding industry.

The parties signed a Head of Agreement (HoA), under which they plan to establish a Joint Venture company (JVC) to develop an Iranian shipyard through cooperation with DSME Okpo Shipyard on engineering and construction of the needed types of vessels.

IDRO has been seeking a partner having advanced technologies and experience in order to build the vessels in Iran on time for the fleet expansion of Iranian shipping companies and DSME has been selected finally,” the Korean shipbuilding giant said.

The Iranian Government already voiced its support for the business cooperation, requesting support from the Korean Government and DSME in various sectors, including financing and providing of material package, DSME said.

Since 1983, DSME delivered a total of 38 vessels valued at USD 1.65 billion to Iranian shipping companies NITC and IRISL.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >