Islamic Republic of Iran Shipping Lines (IRISL) confirmed a $650m ship order for mega-containerships and medium-range products and chemical tankers at Hyundai Heavy Industries.

The $650m deal for four 14,400-teu boxships and six 49,000-dwt MRs was signed Friday in Seoul, IRISL said. The containerships will be built at HHI's flagship yard in Ulsan while the tankers will be constructed at nearby Hyundai Mipo Dockyard.

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