(Korea Times) Jhoo Dong-chan - In December 2016, Hyundai Heavy Industries (HHI) signed a deal with Iran's state-owned Islamic Republic of Iran Shipping Lines (IRISL) to build four container ships and six oil tankers for $700 million. Yet the world's largest shipyard has not delivered a single vessel. "It is impossible for us to deliver the ships with U.S. sanctions back in position," said an HHI official.
2018-06-12 00:00:00Full ArticleBACK Visit the Daily Alert Archive