Iranian-Korean ship making company to commence in January
Tehran, Iran, January 9
By Mehdi Sepahvand - Trend:
A consortium of Iranian companies and Korea’s Daewoo will start to operate this month, according to Mansour Moazzami, director of Iran Industrial Development and Renovation Organization (IDRO).
The Korean company will help Iran with designing and building ships, as well as educating staff, the official said, ISNA news agency reported January 9.
He further said that similar agreements have been made with Hyundai. According to the contract which was signed in 2008, 50 Iranian ship building technicians will be sent to Korea to be taught by Hyundai.
The contract was left untouched during the past years because of international sanctions on Iran, which only ended early 2016.
Moazzami also said that Iran has sent Hyundai a list of ship parts made inside the country to be used by the company in building ships if they meet the required standards.
Studies suggest that in 10 years, Iran will need 123 watercraft in the energy sector, 134 commercial ships, 238 fishing boats, 680 maritime service watercraft, and 447 small watercraft, which together will need some $37 billion to build.