TEHRAN – The Islamic Republic of Iran Shipping Lines (IRISL) has signed deals worth $86 million with domestic manufacturers for building 10 vessels for the country’s shipping fleet, Fars News Agency reported.

According to the IRISL Head Mohammadreza Modares-Khiabani, the construction of four of the mentioned vessels has been awarded to Sadra Neka Shipbuilding Industries and the other six vessels will be constructed by Arvandan Shipbuilding Industries.

Negotiations are also underway to sign a contract for the construction of four more vessels worth approximately $75 million with another domestic manufacturer, the official said.

EF/MA