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Dutch-Australian JV to invest in Bangladesh shipbuilding sector

Published : Thursday, 16 January, 2020 at 12:00 AM  Count : 33
Business Correspondent

Gentium-Damen, a joint venture of Dutch based Damen Group and Australia based Gentium Solutions has signed a memorandum of understanding (MoU) with the Ministry of Industry of Bangladesh in Dhaka to establish and develop a shipbuilding and ship repair industry in Bangladesh.
The aim is to build ships in Bangladesh, with a long-term view of serving export markets. The partners in the MoU will undertake a number of tasks in this direction, traders in the shipbuilding sector said.
The standard of the facility will be sufficient for the construction and delivery of seagoing vessels able to compete in the global marketplace.
As part of their role in the MoU, Gentium-Damen will facilitate a transfer of technology and knowledge to help Bangladeshi personnel develop the skills required to serve the international maritime industry.
As a result of this, the MoU will create significant training and employment opportunities within Bangladesh.
According to shipbuilders news portal ShipInsight : Area Director Asia Pacific of Damen Shipyards Group Roland Briene, who signed the MoU on behalf of Damen, said, "We are very pleased to be participating in this MoU. Damen has a long track record of skills and knowledge transfer of which we are immensely proud.
"It is our philosophy and practice to help develop the shipbuilding and maritime industries in the countries in which we operate. This includes investing in the establishment of high quality facilities and equipment and the training of local personnel.
"Time and again we have witnessed this leading to the establishment of sustainable shipbuilding initiatives able to serve the global marketplace. We are very much looking forward to applying our experience, along with our partners Gentium and the Ministry of Industry, here in Bangladesh."  










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