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nel were acquired from Wuhan Machinery<br />
Plant in Wuhan, China. The<br />
ECA guaranteed ZMI’s deal and with<br />
a contract already fixed, the QMS<br />
Gladiator departed only a few days<br />
after the exhibition ended to begin<br />
operations in Saudi Arabia. El Ali<br />
elaborated, “We thought ADIPEC<br />
was the ideal platform to showcase<br />
it to both the UAE and international<br />
market as it is a global asset which<br />
offers great value beyond its sheer<br />
size and market capabilities.”<br />
While the company continues to<br />
strengthen their fleet, they also aspire<br />
to diversify the assets they can<br />
offer to the market. “We are working<br />
closely with financing partners,<br />
internal operation teams and the<br />
market knowledge of clients, to plan<br />
the next stages of development and<br />
determine how to grow forward,” said<br />
El Ali. Other milestone achievements<br />
of ZMI include securing financing<br />
for the QMS Achiever earlier in the<br />
year, and a more recent Joint Venture<br />
agreement with subsea partner,<br />
DCN. This allows ZMI to expand<br />
subsea development and be project<br />
based with a focus on being turnkey<br />
solution providers rather that just an<br />
asset provider.<br />
Outlook on the future market landscape<br />
El Ali emphasized an overall positive<br />
sentiment regarding his view of<br />
the industry going forward. He clarified,<br />
“You can see there is a shifting<br />
paradigm in the outlook for the<br />
industry. The increase of exhibitors<br />
and visitors at ADIPEC in the last<br />
few years is a visible demonstration<br />
of this.” With oil majors such<br />
as ADNOC, ARAMCO and so forth<br />
implementing a variety of initiatives,<br />
this has undeniably helped boost the<br />
positive sentiment surrounding the<br />
overall oil and gas economy.<br />
“I can safely say that the sentiment<br />
for 2019, whether it’s the beginning,<br />
or closer towards the second<br />
half is definitely positive. Our<br />
target will to be less of a marine asset<br />
provider and more of a project<br />
manager in the hopes of securing<br />
higher value projects with clients.” El<br />
Ali further added, “Beyond 2019, we<br />
will evolve within a new cycle and a<br />
boom in the market. ZMI has been<br />
progressed as we have positioned<br />
ourselves strategically to cope with<br />
the market dynamics and meet our<br />
clients’ expectations.”<br />
倀 攀 爀 挀 攀 瀀 琀 椀 漀 渀<br />
刀 攀 愀 氀 椀 琀 礀<br />
MARASINEWS.COM 59
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