In order for investment in providing maritime logistic services, Iran Offshore Co. initiated its activities in January 2007 with the name of Offshore Management and Engineering Services under the supervision of Iran Investment Co. ; then it was registered formally and independently with no. 304585 under the name of Iran Offshore Co. on September 5, 2007.
Petro Bina Kish International Offshore Co. has been activated in order to enhance its competitiveness in maritime logistics tenders for the purchase of new vessels and getting the facilities from funds and resources in Ports and Maritime organization of Iran.
Hopefully, debts to Iran Investment Co. has been settled and paid back through the two hundred billion Rial loan taken from Iran Zamin bank.
With the support of Iran Investment Company, Iran Offshore Co. considers purchasing new vessels and increase its marine fleet. Therefore, it aims at:
Offer its shares in Fara Bourse regarding the goals of Iran Investment Co. Getting new bank lines of credit for purchasing new slow vessels is of high priority among the company’s future plans.
Publishing bonds and Sukuk for procuring the required cash flow for purchasing new vessels is under investigation.
The company intends to increase its capital from 250 billion Rials to 1750 billion Rials by May 21, 2017.