Post by account_disabled on Jan 2, 2024 4:12:08 GMT
International Maritime Industries (IMI) today announced that The company has signed a Vessel Purchase Agreement (VPA) with Bahri, a global leader in transportation and logistics. and entered into a subcontract with Hyundai Heavy Industries, Co., Ltd. (HHI), a long-term partner. to build one crude oil tanker with a capacity of 319,000 DWT, expected to be delivered in October 2021. In addition, other agreements related to licensing have been signed. technical service and training in collaboration with HHI to ensure capacity building and knowledge transfer.
This project is considered to strengthen B2B Email List the business relationship between IMI and its shareholders. as well as contributing to the development of local maritime industry supply chain infrastructure. Technical expertise for Saudi citizens and works in shipbuilding Bahri has awarded its first VLCC to IMI, which IMI has sub-contracted with HHI at HHI's world-class shipbuilding facility in Ulsan. “This subcontract provides IMI with many benefits, including knowledge transfer from HHI to IMI, an intellectual property (IP) licensing mechanism for IMI, development plans to enable IMI employees to acquire new skills. in shipbuilding and planning and technical assistance,” said Fathi K. Al-Saleem, CEO of IMI, adding that “This project will contribute to the long-term growth of this new industry in Saudi Arabia and will enable IMI to independently build VLCC vessels in Saudi Arabia to the highest international shipbuilding standards.
Abdullah Al-Dubaki, CEO of Bahri Mentioning this project: “Bahri is committed to playing a key role in transforming Saudi Arabia into an important regional and global transport and logistics hub. Bahri has been exploring new areas of opportunity for industry collaboration to advance the company's vision moving forward. This project will deepen our business relationship with IMI and HHI. This is considered an important development in this direction. We believe that This project will support the efforts we are already making. To enhance our products and enhance our capabilities in various fields, we look forward to seeing many fruitful results from this cooperation. This will create enormous benefits for our customers and shareholders.
This project is considered to strengthen B2B Email List the business relationship between IMI and its shareholders. as well as contributing to the development of local maritime industry supply chain infrastructure. Technical expertise for Saudi citizens and works in shipbuilding Bahri has awarded its first VLCC to IMI, which IMI has sub-contracted with HHI at HHI's world-class shipbuilding facility in Ulsan. “This subcontract provides IMI with many benefits, including knowledge transfer from HHI to IMI, an intellectual property (IP) licensing mechanism for IMI, development plans to enable IMI employees to acquire new skills. in shipbuilding and planning and technical assistance,” said Fathi K. Al-Saleem, CEO of IMI, adding that “This project will contribute to the long-term growth of this new industry in Saudi Arabia and will enable IMI to independently build VLCC vessels in Saudi Arabia to the highest international shipbuilding standards.
Abdullah Al-Dubaki, CEO of Bahri Mentioning this project: “Bahri is committed to playing a key role in transforming Saudi Arabia into an important regional and global transport and logistics hub. Bahri has been exploring new areas of opportunity for industry collaboration to advance the company's vision moving forward. This project will deepen our business relationship with IMI and HHI. This is considered an important development in this direction. We believe that This project will support the efforts we are already making. To enhance our products and enhance our capabilities in various fields, we look forward to seeing many fruitful results from this cooperation. This will create enormous benefits for our customers and shareholders.