* Iraq to Buy 3 More Ships from South Korea
January 3rd, 2012 07:11 am · Posted in NEWS: Dinar Currency & World Currency News
Iraq’s Transport Ministry said on Monday that it had agreed with the South Korean Doosan company to buy three 17,000 tonne vessels at a cost of $73 million (85 billion IQD), according to AKnews.
Samir al-Karkhi, director of Marine Shipping Company, told the news agency that the Ministry of Transport is making efforts to restore Iraq’s merchant fleet, adding that the three vessels will begin working under an Iraqi flag officially next year.
The Transport Ministry announced last week that Iraq has spent $14 million USD (16 billion IQD) on a 7,000 tonne commercial freighter to be known as ‘the Baghdad’.
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