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Analysis of satellite imagery of the Qeshm Madkandaloo Shipbuilding Cooperative Co. shipyard, on the island of Qeshm, suggests that a new Shahid Soleimani class missile corvette is under construction there. This should be the 4th hull of the class. At the same time, the first of another new class seen there appears to have been launched. This analysis is based on the relative sizes of the two types.