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Hyundai Heavy tipped to win IRISL boxship trio

Photo of Sam Chambers Sam ChambersApril 6, 2016
2 Less than a minute

The Iranian slew of ship orders are due to get underway very shortly with South Korea’s Hyundai Heavy Industries (HHI) in pole position.

Korean media report HHI is close to sealing a contract to build three 14,500 teu boxships for Islamic Republic of Iran Shipping Lines (IRISL). The ships are thought to cost around $125m each.

This is the first of a raft of orders expected from IRISL and Iranian tanker firm NITC. The pair have been negotiating at yards in South Korea and China in recent months following the lifting of sanctions with plans afoot to order ships to the tune of billions of dollars.

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Photo of Sam Chambers Sam ChambersApril 6, 2016
2 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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