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Iran's Sadra Group to build ships for German firm

11/6/05

Berlin, Nov 5, IRNA-Iran's shipbuilding company Sadra Group will build four cargo ships, worth 100 million euros, for the north German-based Rickmers shipping lines, the monthly magazine of the German Near and Middle East Association said Saturday.

The ships are to be used for freight transport from Europe and the US to the Middle East as well as to Pakistan and India.

Sadra Group is a sister company of Iran's state-owned Iran Shipbuilding and Offshores Industries Complex Co. (ISOICO).

Germany's Rickmers shipping lines which owns more than 55 vessels with a total capacity of over 1.4 million tons, was founded in 1866.


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