International Maritime Industries joint venture to be unveiled at Posidonia 2018
Saudi Aramco, Saudi Arabia’s state oil company, and its partners; Lamprell Plc; the National Shipping Company of Saudi Arabia; and Hyundai Heavy Industries Co. Ltd, have chosen Posidonia 2018 for the global unveiling of its International Maritime Industries joint venture.
When the yard is fully operational in 2022, IMI will offer new build and maintenance, repair and overhaul of vessels, including Very Large Crude Carriers and Offshore Rigs. Spread over 11.8km², IMI will be one of the world’s largest full-service maritime facilities.
To date, IMI has committed orders for 20 Offshore Rigs and 52 VLCCs to be built over the next decade. IMI is also in the process of establishing a supply chain ecosystem adjacent to the yard to drive localisation, agility and efficiency.
The decision to leverage Posidonia as the international launchpad for its latest venture reinforces the significance and reputation of the world’s most prestigious shipping signature event.
“We have chosen to participate at Posidonia 2018 to showcase International Maritime Industries’ position as a global competitor and regional hub for maritime industries and services. Given our geographic location and our proximity to strategic shipping routes, IMI is well positioned to be the partner of choice for new build ships and rigs, as well as maintenance, repair and overhaul services. Utilising the strengths and expertise of the four partners, we are able to offer customers optimum lifecycle cost, efficiency, and leading-edge technology,” said Fathi K. Al-Saleem, CEO of IMI.
IMI will be joining over 1,850 companies from a wide range of maritime industry sectors currently preparing and planning their participation at the June 4-8 event to be held at the Athens Metropolitan Expo across an exhibitor floor space spanning 40,000 sqm. Organisers expect to welcome over 22.000 shipping executives and government delegation members during the five days of the event, traditionally regarded as the playground of the world-renowned Greek shipping community.