Iran Shipbuilding & Offshore Industries Complex Co (ISOICO) is an Iranian ship yard, located in the Persian Gulf, Strait of Hormuz (37 km west Bandar Abbas City), active as shipbuilder and ship-repairer of different types of vessels and offshore structures.
[1] In October 2006, a new company has been established in the southern port city of Bandar Abbas to repair various types of ocean liners.
According to ISNA, the Bandar Abbas Pars Ship Repairing Company has been formed jointly by IRISL and ISOICO.
[9] Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels.
[5] In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations.