Watch: This Is Why Biden’s $2 Trillion Infrastructure Plan Will Fail
In the United States, we have a problem that’s so BIG and obvious that even Elon Musk can’t see it. Our highways are broken, our streets are clogged with traffic,...
SEOUL, Dec 10 (Reuters) – South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran’s state-owned shipping company, South Korea’s Yonhap News Agency reported on Saturday, citing a Hyundai Heavy spokesman.
The company will build container ships and tankers for Islamic Republic of Iran Shipping Lines, with delivery starting in 2018, Yonhap cited the spokesman as saying. The number of each type of ship was not disclosed.
The deal was signed on Friday and was the first shipbuilding order by the Iranian firm since the lifting of international sanctions, Yonhap said.
A Hyundai Heavy spokesman declined to comment when contacted by Reuters. (Reporting by Hyunjoo Jin; Editing by Christopher Cushing)
(c) Copyright Thomson Reuters 2016.
Join the 67,262 members that receive our newsletter.
Have a news tip? Let us know.