IHC Merwede signs working agreement with Jaya
July 23, 2012 - IHC Asia Pacific, a subsidiary of IHC Merwede, has signed an agreement with Jaya Shipbuilding and Engineering Pte Ltd, which enables IHC Asia Pacific's high-specification offshore vessels to be produced by Jaya at its yards in Singapore and Batam, Indonesia. As part of the wide-ranging terms, IHC Merwede will also provide engineering support services to Jaya.
The agreement creates the opportunity for future cooperation between the two companies. It is compatible with Jaya's strategy of building sophisticated and modern offshore vessels and IHC Merwede's plans for further expansion of its integrated shipbuilding and equipment manufacturing operations in the region.
Denis Welch, IHC Asia Pacific's Chief Executive Officer, says: "we are pleased to be cooperating with Jaya Shipbuilding and Engineering, as we believe that there are many opportunities for our group to add value to Jaya's portfolio. With this mutually beneficial agreement for both companies, IHC Merwede will have a reliable production partner in South East Asia and we are delighted to be working with the Jaya team."
Venkatraman Sheshashayee, Jaya Holdings' Chief Executive Officer and Executive Director, says: "This tie-up with IHC Merwede represents a major step forward for Jaya Shipbuilding and Engineering. IHC Merwede brings a world-class track record of maritime engineering and technological innovations to this agreement and it is widely recognised as an industry leader in many areas of the maritime and offshore sectors. We look forward to working with IHC Merwede and believe it will be a productive relationship for both parties."