Hyundai Heavy Industries has escaped unscathed on a series of Iranian newbuildings included on the US’ latest sanctions list.
Seoul-listed HHI won a contract for 10 ships from Islamic Republic of Iran Shipping Lines (IRISL) after an earlier round of US sanctions was lifted.
While seven of the 10 newbuilds were singled out by Washington in its latest papers, HHI said all of the ships have been delivered.
