Iran Shipbuilding & Offshore Industries Complex Co (ISOICO) is an Iranian ship yard, located in the Persian Gulf, active as shipbuilder and ship-repairer of different types of vessels and offshore structures. 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. The plant has the capacity to carry out maintenance works on large vessels with 500,000-ton capacity. ISOICO has produced Iran's first ocean liner ship named "Iran-Arak". It was launched in Hormozgan southern city port in 2009. It weighs over 7000 tons and is able to carry over 30,000 tons of cargo or 2,200 TEU. Iran-Arak can accelerate to 32 knots (59.3 Km/h) and is able to sail 25 days non-stop.