The preliminary agreements mark Iran�s efforts to make a comeback in global shipping


ATHENS�Islamic Republic of Iran Shipping Lines and Iranian Offshore Oil Co. have reached preliminary deals with South Korean shipyards for orders valued at roughly $2.4 billion, people involved in the talks said Tuesday.

The agreements are part of Iran�s efforts to make a comeback in global shipping after the lifting of international sanctions earlier this year, but completing the orders will depend on financing that the Iranians haven�t yet secured, the people said.

�The yards are making slots available to the Iranians starting in 2018 and 2019,� one of the people said. �The Iranians are trying to make the 20% down payments through oil state-to-state deals to finalize the orders.�

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