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.