TEHRAN – Four Russian-made ships under the name of “Iran-Turkmen” will be launched in the Caspian Sea by March 2008, said the Caspian Sea Shipping Co. managing director Saturday.

Jamhid Khalili talking to MNA added the number of the company’s fleet will reach 10 when the four are delivered.
According to him, 48 million dollars from the Oil Stabilization Fund (OSF) has been allocated for the building of the four vessels.
Khalili said nearly 500 thousand tons of products are exported via the Caspian Sea per annum