Saudi Aramco names Fathi Al-Saleem CEO of maritime JV

Saudi Aramco has named Fathi K. Al-Saleem as chief executive officer of International Maritime Industries (IMI), its recently established joint venture, the state-owned oil giant said on Saturday.

Al-Saleem has more than 23 years of experience at Saudi Aramco, and has led the feasibility and commercial development stages of the joint venture.

Aramco and its partners Lamprell Plc, the National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries Co. Ltd. (HHI) this week launched the maritime yard, which will be fully operational in 2022.

The nearly 12 million square-meter facility will be the largest in the region in terms of production capacity and scale.

This scope enables Saudi Aramco and its supply chain partners to meet their manufacturing and maintenance, repair, and overhaul (MRO) requirements for offshore oil and gas rigs, offshore support vessels, and commercial vessels, including Very Large Crude Carriers (VLCC).

The yard has an annual capacity to manufacture four offshore rigs, over 40 vessels including three VLCCs, and service over 260 maritime products.