Fincantieri has signed initial agreements with Iranian companies

AGH is controlled by the yard Iran Shipbuilding and Offshore Industries Complex Company. The agreement was set up for the construction of new merchant vessels and offshore platforms. The deal also covers ship repairs and conversions and refitting vessels. The cooperation will include the development of detailed engineering, optimisation of construction processes, technical consultancy and assistance in all ship production phases and personnel training both on site in Iran and in Italy. The two companies will shortly create specific working groups engaged in activities to establish cooperation and to develop a solid business partnership in the area.
Through its subsidiary Isotta Fraschini Motori Fincantieri has further signed an agreement with the Iranian trading company Arka Tejarat Qeshm for the set-up of a joint proposal for the supply of 600 marine engines for smaller vessels.

Italian shipbuilder Fincantieri said it has reached a cooperation and development agreement with Azim Gostaresh Hormoz Shipbuilding Industry Co (AGH), a new yard in Iran.

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