Bangladesh Ministry Of Industry Signed MOU with Gentium and Damen Shipyards

Gentium and Damen Shipyards Group recently signed a memorandum of understanding with the Ministry of Industry of Bangladesh in Dhaka. Also present at the signing ceremony were representatives of the Netherlands Embassy in Bangladesh, who are supporting Gentium-Damen in their undertaking. The goal of the MoU is to establish and develop a shipbuilding and ship repair industry in the Bangladesh. The aim is to build ships in Bangladesh, for Bangladesh, with a long-term view of serving export markets. The partners in the MoU will undertake a number of tasks in this direction.

First amongst these will be the establishment of a shipbuilding and repair facility built to globally recognised environmental and building standards. 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.

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