The International Maritime Industries giant shipyard complex at Ras Al Khair, on the Gulf coast of Saudi Arabia, will come into service between next year and 2021.
In June, IMI said the complex had orders for 52 ships and more than 20 rigs. The partners in the project are the world’s largest energy company Saudi Aramco, the National Shipping Co of Saudi Arabia (Bahri) which has the largest VLCC fleet, Lamprell PLC which is the region’s leading rig builder and the South Korean shipbuilders Hyundai Heavy Industries.
The partners used the four-day Posidonia 2018 maritime conference and exhibition meeting in Athens in June to highlight the new shipyard to the 22,000 delegates. The nearly 12mn sq m yard is being developed into four major areas:
Jack-up rig fabrication: This area will have the capacity to build four rigs a year and is due to come into service in 2019;
Merchant ship construction: This area will be able to build three VLCCs and 15 other commercial ships a year from 2020;
Offshore support vessels: This area will be able to construct 15 vessels a year starting in 2021;
The area for the maintenance and overhaul of ships and rigs is also due to begin operations in 2021.