December 11, 2016 / 1:39 AM / in 10 months

Hyundai Heavy says wins $700 mln order from Iran for 10 ships

SEOUL, Dec 11 (Reuters) - South Korea’s Hyundai Heavy Industries Co Ltd said on Sunday it had won a $700 million order to build 10 ships for Iran’s state-owned Islamic Republic of Iran Shipping Lines.

The order is for 14,500 TEU container ships and 49,000 tonne tankers, the South Korean company said in a statement, although it did not break down the number of ships of each type.

Delivery will begin in the second quarter of 2018, it said. (Reporting by Yun Hwan Chae)

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