German yards secure deal for six vessels

06 December 2002

Germany's Aker MTZ Werft (AMTW)has secured the contract to build six container vessels for Islamic Republic of Iran Shipping Lines (IRISL). Under the estimated $205 million deal, the ships will be delivered to the Iranian client between 2003-04.

The contract covers the construction of six 33,900-dwt MTW 2500 vessels, each with a container capacity of about 2,500-twenty-foot equivalent units (TEUs).

Construction of four of the vessels will be carried out at AMTW's yard in the northeastern city of Wismar, while the remaining two ships will be built by Kvaerner Warnow Werft (KWW), a shipyard located in the northeastern city of Rostock. From 2003, both AMTW and KWW will operate under the management of a newly established shipbuilding company, Aker Kvaerner Yards.

IRISL is one of the largest shipping companies in the Middle East, owning more than 110 vessels.

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