Saudi Arabian shipyard, International Maritime Industries (IMI) and Columbia Shipmanagement (CSM), have expanded their existing partnership by signing a further Memorandum of Agreement designed to boost the country’s capabilities in terms of shipbuilding, ship repair and marine engineering.
The partnership will be enhanced by CSM acting as an official consultant for IMI in areas relating to vessel performance optimisation, engineering, vessel design and newbuild planning and supervision. Moreover, CSM will actively promote IMI’s facilities and technical capabilities to both existing and potential clients through its extensive global network.
Mark O’Neil, CEO of CSM, said: “We are delighted to be able to underline our commitment to the important Middle East and Saudi markets by further developing our excellent relationship with IMI through this new MOA. CSM remains fully committed to the Middle East and Saudi Arabia, where our recently created ship management office offers the full Columbia Group service catalogue.”
Located at Ras Al-Khair on Saudi Arabia’s eastern seaboard, IMI will be the largest maritime facility in the MENA region, capable of building four new offshore rigs and more than 43 vessels including VLCCs per year, as well as providing maintenance, repair and overhaul services for more than 260 maritime projects annually. The yard is a Saudi Aramco-sponsored joint venture with partners Hyundai Global Services, Bahri and Lamprell.
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