Yangzijiang Shipbuilding Holdings Ltd.

“Iran wants to return to the non-oil shipbuilding market with a $300 million potential order of 10 bulk carriers from Singapore-listed shipbuilder Yangzijiang Shipbuilding Holdings Ltd., which may be the first such delivery in four years, people with knowledge of the matter said. The order, which could be completed over the next few weeks, involves 10 bulk carriers that would mainly used to accommodate Iran's huge iron-ore imports as well as copper exports. The people said the likely end-user of the 82,000-ton ships is Islamic Republic of Iran Shipping Lines, the country's biggest bulk carrier in terms of capacity. ‘If finalized, the down payment will be handled by a private-equity fund, but the ships will be used by IRISL,’ one person said.” (WSJ, "Iran Aims to Return to Shipping Market" 7/17/2014)