TEHRAN - The head of the Islamic Republic of Iran Shipping Lines (IRISL) has said developing and renovating the shipping fleet is a major priority of the company, IRIB reported.

“We are trying to add new ships to the fleet through both domestic and foreign companies in order to bring the average age of the fleet below 10 years,” Mohammadreza Modares Khiabani said.

According to Modares Khiabani, IRISL is ranked 18th among the world's largest shipping companies and ranks 22nd among the Iran’s top 100 companies based on the evaluation of the Industrial Management Organization.

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