Middle East
Joint venture Saudi shipyard mulled
Singapore: Singaporean shipyard Sembcorp Marine has signed a memorandum of understanding with Saudi Aramco and National Shipping Co of Saudi Arabia (Bahri) to prepare a detailed feasibility assessment on developing a shipyard in the Arab nation.
The planned maritime yard would provide engineering, manufacturing and repair services to rigs, platforms, commercial vessels and offshore service vessels, Sembcorp Marine said in a statement to the Singapore Exchange. [21/08/13]