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Dalian Shipbuilding Industry Co (DSIC)

Dalian Shipbuilding Industry Co (DSIC)

Industry: 
Shipping, Engineering
Country: 
China
Sources: 

 

"Major Iranian shipping company Islamic Republic of Iran Shipping Lines and oil producer Iranian Offshore Oil Co. have reached preliminary deals with South Korean shipyards for orders worth around $2.4 billion, people involved in the talks said Tuesday. The agreements are part of Iran’s efforts to make a comeback in global shipping after the lifting of international sanctions earlier this year, but completing the orders will depend on financing that the Iranians haven’t yet secured, the people said. 'The yards are making slots available to the Iranians starting in 2018 and 2019,' one of the people said. 'The Iranians are trying to make the 20% down payments through oil state-to-state deals to finalize the orders.' ... Islamic Republic of Iran Shipping Lines, known as IRISL, operates a fleet of container vessels, bulk carriers and tankers...China’s Dalian Shipbuilding Industry Co. is in the race for the order as well, the people said..." (The Wall Street Journal, “Iranian Oil, Shipping Companies Set For $2.4 Billion Ship Deals,” 6/7/2016)

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"Post-sanctions Iran is set to order a large boxship series in China before making an even bigger move on the tanker side, where outlines of a newbuilding programme for 'dozens' of crude carriers have begun to emerge through negotiations in China. On the liner side, sources in China close to the talks say Islamic Republic of Iran Shipping Lines (IRISL) and Dalian Shipbuilding Industry Co (DSIC) are likely to shake hands soon on a six-ship order for a string of 14,500-teu containerships of DSIC's own new design. No price has emerged yet. Hyundai Heavy Industries (HHI) may have stolen the show when South Korean president Park Geun-hye visited Tehran at the beginning of this month amid reports of a $350m, three-ship order for similar-size boxships. But sources say DSIC will win an order twice that size, and has been in talks with IRISL for months on the deal. Published reports in March in regional media said DSIC teams had already made three visits this year to confer with both IRISL and fellow state-owned National Iranian Tanker Co (NITC).” (Trade Winds, "Iranian giants planning newbuild blitz in China,” 5/27/2016)

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"Under a $1.2 billion contract, Waigaoqiao Shipbuilding Co Ltd, a unit of China CSSC Holdings Ltd, and Dalian Shipbuilding Industry Co. Ltd plan to deliver 12 supertankers by the end of 2013 to NITC, which would boost the capacity of its fleet by nearly 40 percent to around 86 million barrels." (Reuters, "China delivers first of new Iranian oil tankers," 9/27/2012)

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"NITC ordered the 12 vessels to be built at Waigaoqiao Shipbuilding Co Ltd, a China CSSC Holdings Ltd unit based in financial hub Shanghai, and Dalian Shipbuilding Industry Co. Ltd, based in the northeastern port of Dalian." (Reuters, "Iran to expand oil tanker fleet ahead of sanctions," 4/13/2012)