(Wikipedia) - On Sept 11, 2011 Iran Shipbuilding & Offshore Industries Complex launched a third ship named "Iran-Kashan" after successfully delivering previous two orders to Iran Shipping Lines, namely: Iran-Shahr-e Kord which was identical to Iran-Arak.
Iran Shipbuilding & Offshore Industries Complex Co (ISOICO) is an Iranian ship yard, located in the Persian Gulf, Strait of Hormuz west of Bandar Abbas City, active as shipbuilder and ship-repairer of different types of vessels and offshore structures. ISOICO is a subsidiary of IDRO.
In October 2006, a new company has been established in the southern port city of Bandar Abbas to repair various types of ocean liners. According to ISNA, the Bandar Abbas Pars Ship Repairing Company has been formed jointly by IRISL and ISOICO. The plant has the capacity to carry out maintenance works on large vessels with 500,000-ton capacity.
ISOICO has produced Iran's first ocean liner ship named "Iran-Arak". It was launched in Hormozgan southern city port in 2009. It weighs over 7000 tons and is able to carry over 30,000 tons of cargo or 2,200 TEU. Iran-Arak can accelerate to 32 knots (59.3 km/h) and is able to sail 25 days non-stop. The vessel, which has cost $50 million to construct, is 185 meters long, 30 meters wide, has 10 meters of draft and uses more than 16.7 MW to reach 21.5 knots (39.8 km/h).
ISOICO shipyard is capable of constructing any type of vessel up to about 4 x 80,000 DWT per year on its existing building berths mainly bulk carrier, containership and oil product carrier using advance technology, afterwards the constructing capability will increase for the vessel up to about 2 x 300,000 DWT VLCC or 2 x 140,000 m3 LNG carrier per year in addition to the existing capacity.
Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels. In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations. The Ministry of Commerce has confirmed that Iran is able to build all its needed sea fleets inside the country.
In 2012, Iranian lawmakers of Majlis (parliament) were planning to ask the government to equip Iranian naval and research fleet with non-fossil fuel.
Despite trade sanctions, Iranian industries are enjoying an increasing foreign capital investment mostly because of competitive price advantages of Iranian products.