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TEHRAN, Dec. 9 (Xinhua) -- The Islamic Republic of Iran Shipping Lines (IRISL) signed a deal with South Korea's Hyundai Heavy Industries (HHI) to buy 10 container ships from the Korean shipbuilding company, Tasnim news agency reported on Friday.
The deal was inked between representatives of the IRISL and the HHI here on Friday.
The contract is valued at 650 million U.S. dollars and will be financed by South Korean banks. The ships will be delivered to Iran in 2018, the report said.
Read the full story at Xinhua