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Multi million dollar deals signed at Middle East Workboat event

Multi million dollar deals signed at Middle East Workboat event
A raft of deals were announced during the first two days of the Middle East Workboats & Offshore Marine (MEWBOM) event taking place in Abu Dhabi from October 1-3.  

Saudi Arabian company Bin Nowiran for Trading & Contracting (BINCO) signed an order with Netherlands-based Damen Shipyards Group for seven new vessels of five different types. The vessels will be operated by BINCO in Kuwait to serve Single Point Mooring (SPM) operations for Saudi Arabian Chevron's marine export facility at Mina Saud.
 
"With these new vessels, which combine cutting-edge design with state-of-the-art technology, it will enable us to strengthen our fleet and service offering for Saudi Arabian Chevron, Khafji Joint Operations and other key business partners," said Eng. Khaled A. Bin Nowiran, managing director of BINCO.
 
Separately, new repair facility Damen Shipyards Sharjah signed a framework repair agreement with Singapore-headquartered Miclyn Express Offshore, a provider of service vessels to the offshore oil and gas industry. 
 
Grandweld Shipyards, the Middle East's largest shipbuilder, secured a repeat order worth AED18.35m ($5m) to build a new 42mtr aluminum crew boat for Khalid Faraj Shipping, the third order received by Grandweld from Khalid Faraj Shipping over the last five months.
 
On the sidelines of the show, Abu Dhabi Petroleum Ports Operating Company (IRSHAD) also revealed it is to invest AED2bn ($544m) in new vessels over the next five years. 
 
The fleet renewal announcement came the day after IRSHAD, part of the Abu Dhabi National Oil Company, agreed a two-year deal with Smit Lamnalco to charter in a DP2 AHTS, SL Labuan, for maintenance activities at three SPM crude oil terminals in Fujairah. Khalifa Al Qubaisi, general manager of IRSHAD, said the vessel’s DP2 capability and extensive deck area made it “ideally suited for such operations, which also involves saturation diving activities."

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