Our Bureau
09:48 AM, January 17, 2020
Damen to Setup Shipbuilding & Repair Facility in Bangladesh

Dutch shipbuilder Damen and Australia’s Gentium Solutions have signed an agreement with Bangladesh to setup a new shipbuilding and ship repair facility in the country.

The memorandum of understanding (MoU) between Damen, Gentium and Bangladesh’s Ministry of Industry was signed on January 14 in Dhaka, with an “aim to build ships in Bangladesh, for Bangladesh, with a long-term view of serving export markets.”

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, Damen said in a statement.