Columbia Shipmanagement (CSM) has heralded the start of its expansion into the strategic Middle Eastern ship management market by opening an office in Riyadh in the Kingdom of Saudi Arabia.
Columbia Shipmanagement Saudi Ltd has been set up primarily to service the needs of its client Saudi Aramco with respect to energy, oil and gas, training and procurement, but it will also provide a base for the company to work with other partners and clients in the Kingdom.
The new office will offer full technical and crew management services to the shipping, offshore and energy sectors, including the cruise and super yacht markets, as well as training, catering and newbuilding consultancy.
It will also serve as a springboard for CSM’s planned expansion into the UAE and enable it to take advantage of additional cooperation agreements with many of the region’s leading players in the energy, shipping, procurement and logistics segments.
Mark O’Neil, CEO of CSM, said: “The opening of our office in Riyadh will give us the opportunity to cooperate, and most importantly partner, with quality organisations in the region which mirror our own core values and service levels. Saudi is a rapidly developing dynamic market with many new cities, industries and sectors being developed and we will use our experience in the Kingdom to set up further offices in the Emirates as new opportunities develop.”
He points out that countries in the region are gradually shifting away from being tonnage users to building and operating their own fleets. “This is something which offers CSM the scope for further investment and partnership,” O’Neil added.