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  • 20-10-19

    Iran to spend USD335m to build 200 large cargo ships

    (MENAFN) Press TV reported: "We have defined a target for construction of 200 cargo vessels as part of the development plan for maritime industries," said Reza Rahmani, adding, "Some USD335 million will be invested in this field,"

    Speaking to reporters in the southwestern port city of Bushehr, Rahmani said shipyards in the region and other coasts south and north of the country had been experiencing a boom in activity since last year when the US imposed sanctions on Iran.

    The minister said: "Our ships and vessels no longer sail abroad for repair and restoration," adding that shipyards in Iran had carried out more than 100 maintenance operations on vessels in various sizes since March 2019.

    Rahmani said Iranian shipyards were technically capable of performing more than 80 percent of the repairs needed for ships being operated by government agencies, adding that the country is reaching a state of self-sufficiency in ship repairs and maintenance services.

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