Iraq to buy nine ships for $100 million

[k98nights]

Iraq to buy nine ships for $100 million

By Raysan al-Fahed

Azzaman, January 10, 2011

Iraq has allocated $100 for the purchase of nine ships, said a source at the state-run Maritime Transport Company.

The source said the ships will be mainly used for the import of foodstuffs to the country.

The ships will have a capacity of 15,000 to 20,000 tons each, he added.

Among them there will be a passenger ship, he said.

He said the company will hold a news conference to which international ship-building firms will be invited. The contracts and terms for the construction and purchase will be announced during the conference.

Iraq is building its cargo ship fleet from scratch. The source said it was time the country had its maritime fleet for the import and transport of goods.

http://www.azzaman.com/english/index.asp?fname=news\2011-01-10\kurd.htm

[lechesuerte]

Thanks Woody! They're buying like crazy! $13B US for arms and tanks , $100M US for ships. Now let's roll the RV out to pay for all these bad boys!

[tjmunson]

How do you buy these things without a tradeable currency????? I DON'T UNDERSTAND!

[Hat-2-Pan]

How do you buy these things without a tradeable currency????? I DON'T UNDERSTAND!

With Bernanke & Geithner credit cards! hahahahaha:lol:

[hurricanewayne]

is that for a 100 million dinars or are they trying a get rich sceam. hahahahahahahahah

just trying to be funny.

[007]

How do you buy these things without a tradeable currency????? I DON'T UNDERSTAND!

They have soooooo much oil they can buy another country not just ships and tanks.......

[tim5400]

Easy math......2.5 million barrels a day times 90 dollars= $225 million PER day times 7 days= 1.5 billion plus........get the picture......but i could be wrong lol