Tag Archives | Islamic Republic of Iran Shipping Lines (IRISL)

Hyundai to Deliver 10 Ships to Iran in 2018

South Korea’s HHI to Deliver 10 Commercial Ships to Iran in 2018: Official South Korea’s Hyundai Heavy Industries (HHI) will deliver 10 commercial ships to Iran next year, an Iranian official said. Chairman of the Islamic Republic of Iran Shipping (IRISL) Mohammad Saeedi said that four of the vessels will be container ships with a […]

New Ships Reduce Average Age of Iran’s Fleet

The ten container ships Iran has purchased from South Korea will pull down the average age of the country’s fleet of cargo ships by four years, an official announced. CEO of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeedi said Iran will take delivery of the first South Korean container ship in the […]

Iran, Kazakhstan set up Joint Shipping Company

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said Iran and Kazakhstan have established a joint shipping company in a bid to boost their bilateral trade. Iran and Kazakhstan’s state-owned railway company have set up a joint shipping company to connect Central Asia to southern Iran, Mohammad Saeedi told the Tasnim […]

Iran to Import Shipbuilding Technology from South Korea

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. Speaking to reporters at a press conference in Tehran, Mohammad Saeedi said one of the main plans of the […]

IRISL signs MOU with Kamigumi, Suzue

By John Lee The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly signed a memorandum of understanding with the Japanese logistics and transport companies Suzue and Kamigumi, covering the construction of dry ports in Iran and investments in Iranian ports. According to Tehran Times, the MOU will become operational after conducting the required studies and […]

IRISL seeking London Share Listing

By John Lee. The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly held meetings in London to discuss a possible listing on the London Stock Exchange (LSE). The company was removed from sanctions blacklists last year, and has already placed an order for new ships estimated to be worth $626 million. But according to […]

First Ship from South Korea Next Year: Official

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) announced that according to a deal to buy 10 giant ships from South Korea, the delivery of the first ship will take place in March 2018. Mohammad Saeedi said the first 14,500 TEU container ship built by South Korea’s Hyundai Heavy Industries Co. […]

Daewoo to set up Iranian Shipbuilding Company

By John Lee. The Industrial Development and Renovation Organization of Iran (IDRO) and Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) have signed Heads of Agreement (HoA) to set up a Joint Venture to develop an Iranian shipyard. The Iranian government has said it will strongly support this business cooperation, and requests the Korean Government […]

IRISL and Kazakhstan to Establish a Joint Company

By John Lee. The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- have signed an agreement to establish a joint company. On the sideline of Iran’s president visit to Kazakhstan, an agreement for establishing a joint company between Islamic […]

Iran to buy 10 Ships from S Korea

The Islamic Republic of Iran Shipping Lines (IRISL) and South Korea’s Hyundai Heavy Industries Co. are expected to sign a major contract whereby Iran will buy ten ships from the major South Korean shipbuilding company. Under the expected contract, valued at US$650 million, with IRISL, Hyundai will build four 14,400 TEU container ships and six […]

Western Insurers Target Iran

By John Lee. Reuters reports that Iran is in active talks with insurers to provide cover in a market valued at $9 billion last year, and potentially double that in the next decade. This is despite the fact that Iran has secured ties with only a limited number of smaller banks as U.S. sanctions remain […]

SCI to revive JV with Iran Shipping Firm

By John Lee. The Shipping Corporation of India (SCI), the country’s largest shipping company, is said to be in talks with its 40-year-old Iranian joint venture partner Islamic Republic of Iran Shipping Lines (IRISL) to work out a business model that can open new geographies for trade for the former. Business Standard News reports that […]

Iran, Norway sign MoU for Shipping Cooperation

A memorandum of understanding was signed between Islamic Republic of Iran Shipping Line (IRISL) and the Norwegian classification institute of DNV GL at IRISL headquarters in Tehran. Among the main objectives of this memorandum of understanding was performing legal audits for issuing international certificates for ships to enable them to transport to European Ports and […]

Iran to Launch Regular Shipping Line to Japan

The Managing Director of the Islamic Republic of Iran Shipping Lines (IRISL), Mohammad Saeidi, said the country plans to establish a regular shipping line to Japan in the near future. Addressing a ceremony in Tehran, Saeidi pointed to the removal of sanctions in January, saying that during the sanctions era there was only one active […]

Iran, Singapore eye Joint Tanker Line

By John Lee. The Islamic Republic of Iran Shipping Lines (IRISL) has signed a major cooperation agreement with Singapore’s Pacific International Lines (PIL), which could to lead to the development of a major tanker service for shipping oil products and petrochemicals from East Asia to as far as West Africa. IRISL chief Mohammad Saeidi (pictured) […]

Iran, Germany to set up Joint Shipping Line

By John Lee. A German company intends to set up a joint shipping company with Iran. The Managing Director of the Islamic Republic of Iran Shipping Lines (IRISL), Mohammad Saeedi (pictured), signed a Memorandum of Understanding (MoU) with the owners of German shipping company PWL Group during a visit to Hamburg. Under the agreement, PWL […]