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Iranian shipbuilder and Damen sign MoU to build offshore vessels

IRAN's Arvandan Shipbuilding Company and the Netherlands' biggest shipbuilder Damen Group have signed a Memorandum of Understanding (MoU) to build offshore vessels. The agreement was signed on the sidelines of Europort 2017 held at Rotterdam Ahoy.

Managed by Iran's Social Security Investment Company (Shasta), Arvandan specialises in building vessels of up to 2,500 dwt, including multi-purpose cargo vessels, crew boats and pilot boats.



Damen Shipyards Group is a globally operating company with 50 shipyards, repair yards and subsidiaries as well as partner yards that can build Damen vessels locally. Since 1969, it has designed and built 5,000 vessels and delivers up to 150 vessels annually, reported Iran's Financial Tribune.



The Dutch company has a wide product range, including cargo vessels, tugs, workboats, patrol craft and dredgers. Product design and engineering are carried out in-house.



This year's Europort exhibition attracted a significant presence from Iran, with 12 companies participating in the Iran pavilion, while altogether some 40 companies from Iran attended the expo.



The pavilion featured some of Iran's most prominent shipyards, including ISOICO, which aims to become one of the world's leading shipbuilders. In the past 18 months, ISOICO signed cooperation deals with Royal IHC of the Netherlands and Daewoo Shipbuilding and Marine Engineering of South Korea.



Another high-profile participant was Iran's Ports and Maritime Organization (PMO), which has seen cargo volumes at the nation's ports rise by 40 per cent since the lifting of sanctions against Iran by the international community.



To meet demand, PMO plans significant investments in new cargo handling equipment and is seeking to attract international companies to operate some facilities, including container terminals in Bandar Abbas.



Other leading Iranian maritime organisations participating in the pavilion included the Iranian Association of Naval Architecture and Marine Engineering and the Marine Industries Technology Development Council, whose main mission is to drive the growth of activity related to maritime technology.



The Islamic Republic of Iran Shipping Lines (IRISL) plans to replace 49 ships with new ones within five years.



Under a US$650-million contract signed last December with IRISL, Hyundai Heavy Industries Company is to build four 14,400 TEU container ships and six 50,000 dwt product tankers.



The deputy head of IRISL Group Ahmad Shahbaz-Beigi said the shipping line's fleet capacity is anticipated to increase by 50 per cent in 2018 with the addition of 10 vessels it has ordered from Hyundai, Mehr News Agency reported.
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