Bahri has signed a Memorandum of Understanding (MoU) to build its first VLCC at the International Maritime Industries yard in Saudi Arabia.

The new $5.2bn mega shipyard complex being developed by International Maritime Industries (IMI) hosted a Q&A session for potential supply chain partners at the Seatrade Maritime Middle East event in Dubai in the last week of October 2018.

UAE-headquartered shipyard Lamprell is set to build the first two jack-up rigs for Saudi mega-yard International Maritime Industries (IMI).

Making its debut at Posidonia last week was the new International Maritime Industries (IMI) $5.2bn mega-yard at Ras Al Khair on the Gulf coast of Saudi Arabia, 70% jointly owned by Saudi Aramco (50.1%) and its most important tonnage provider Bahri (19.9%), the remainder belonging to UAE-based rig builder Lamprell (20%) and shipbuilder Hyundai Heavy Industries (HHI) (10%) of Korea.

With the new Saudi mega-shipyard International Maritime Industries (IMI) set for a 20 drilling rig newbuild order from ARO Drilling significant components for the first two rigs are expected to sub-contracted to Lamprell, one of the joint venture partners.

New Saudi mega-shipyard International Maritime Industries (IMI) and Saudi Aramco Rowan Offshore Drilling Co (ARO Drilling) have selected a new design for their newbuilding programme.

The sheer scale of the new joint venture shipyard complex now under construction in Ras Al Khair on Saudi Arabia’s Gulf coast was revealed to Seatrade Maritime News this week during interviews in Dammam.

The joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries to build a $5.2bn mega-yard in Saudi Arabia has been officially launched.