CSM and Khobar-based Spectrum Group sign strategic joint venture that could position Saudi Arabia as the global hub for future-proofed ship management hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
International Maritime Industries and Columbia Shipmanagement sign agreement for cooperation in various business areas
International Maritime Industries (IMI), the largest maritime yard in the Middle East and North Africa (MENA) region, has signed a Memorandum of Understanding (MoU) with Columbia Shipmanagement (CSM) to explore opportunities in various areas within the maritime sector. As part of the agreement, CSM will utilise IMI’s facilities within the King Salman International Complex for Maritime Industries and Services, located in Ras Al Khair on Saudi Arabia’s east coast.
IMI will work closely with CSM, a world-leading provider of ship management and maritime services, to support its vision of becoming a leading, fully integrated global maritime facility. CSM’s maritime service catalogue, engineering experience and worldwide network of clients and partners will help support IMI’s ongoing development.
U.S. Fines Honeywell $13 Million for Sharing Military Specs with China
6 May 2021
The U.S. State Department said this week it recently fined U.S. defense contractor Honeywell $13 million after the company was found to have “harmed national security” by sharing sensitive information about U.S. military aircraft with China and other countries.
The U.S. State Department said on May 3 it had reached a settlement with Honeywell on 34 charges related to 71 drawings it shared with China, Taiwan, Ireland, Canada, and Mexico from 2011-2015. Honeywell’s sharing of the documents violated the U.S. Arms Export Control Act and the U.S. International Traffic in Arms Regulations.
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