International Maritime Industries (IMI) is a joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries. Once fully operational, IMI will become one of the largest full-service maritime facilities in MENA.
The digital revolution at sea is already under way and the evolution of ship design will follow that of automobiles, according to Dr Martin Stopford, non-executive president of Clarksons Research Services.
London-listed strategic infrastructure investment firm, InfraStrata, is buying the UK’s Appledore Shipyard for £7m and will rename it Harland and Wolff (Appledore). The north Devon yard was shut by its former owner, Babcock, in March 2019.