Iraq to Order Eight Cargo Vessels

Iraq will offer contracts for the construction of eight cargo ships over the next four years in an effort to expand its fleet, reports Bloomberg.

The government also expects to take delivery of a $14 million cargo vessel in the next two weeks. The vessel, built by the Avic Dingheng Shipbuilding Company of China, is named the “Baghdad” and will have a loading capacity of 7,800 metric tons, Sameer Abdul Razzaqthe, director general of the state naval transport company, told the news agency.

Iraq signed a $73 million contract in December with South Korea’s Daesun Shipbuilding & Engineering Co. for three vessels due for delivery in 26 months.

(Source: Bloomberg)

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