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FMT and Indian Register of Shipping sign strategic cooperation agreement

Published by , Editorial Assistant
Dry Bulk,

Further Marine Technology (FMT) and Indian Register of Shipping (IRClass) have signed a memorandum of understanding (MOU) on strategic cooperation.

By combining, FMT and IRClass are targeting development of the latest generation of bulk carrier designs to expand the business in the Southeast Asian market. By sharing their available development capability, they aim to create designs offering higher performance.

The MOU, which was signed at Marintec China, aims to leverage advanced technological capabilities towards the future development of the shipbuilding and shipping industries. The two companies consider the new collaboration as a springboard for further pursuit of new business opportunities.

Speaking at the event, H.V. Ramesh, Senior Principal Surveyor and Vice President of IRClass, said: “This MOU paves the way to work towards development of efficient shipping with focus on environmentally sustainable designs.”

John Chao, CEO of FMT, commented: “FMT thanks IRClass for the great support to current bulk carrier project being built in China. We believe the signed MOU today will lead us to a brilliant future cooperation of both companies towards development in China and all over the world.”

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