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development of its long-term client
relationships, MC2 has cemented
their status as one of the fastest
growing providers of integrated
offshore support, vessels, logistics,
and marine providing services.
Established in 2011, the company
has capitalized on expertise,
leadership, and work ethic, to gradually
build credibility. MC2’s current fleet of
36 vessels (FOSV, AHT(S), Multicat
workboats, tugs, and barges), and
strategic management has also aided
the company in effectively catering
to maritime through services
including marine chartering, marine
transportation, ship management,
towage, offshore support, and
medium-size marine construction
projects.
Seizing market opportunities
Though the company initially
entered the market during a period
of instability, specifically with
regards to the downturn of offshore,
MC2 still managed to thrive. Chief
Executive Officer, Adib Abdel
Massih emphasized, “Historically
speaking, low oil prices present
the most economical opportunity
for governments to engage in
infrastructure increasing projects
so we used this to our advantage.”
Noting the government’s tendency to
cost effectively capitalize on market
downstream in preparation of market
recovery, MC2 effectively leveraged
this by adding marine projects to
their company portfolio.
Stemming from an engineering
background, Massih’s career
experience, knowhow of fleet
management and connection
to industry contacts undeniably
factored into achieving the company’s
first major milestone. Although the
market is not in decline as it once was
upon the company’s inception, Massih
believes the marine construction and
offshore sector growth will continue
as the market gradually balances out
again. Further proof of this can be
witnessed first hand by the projects
MC2 has successfully tackled and
continues to undertake.
Witnessing growth through
milestone projects and expansion
Keen to extend their geographical
area, the company’s strategic vision
entails continual growth through
acquiring more vessels, and targeting
projects of greater value for longer
time periods. Aligned with this vision,
the company expanded to Lebanon
last year and opened MC2 SARL.
The location has allowed them to
closely interact with exploration
award-winning oil majors such as
Total, ENI and Novatek. “We are in
close contact with Total and as they
head construction, I believe 2019 will
witness a big shift towards mobilizing
ships in Lebanon.”
Using a combination of barges and
tugs, MC2 recently allocated over
12 vessels to transport in excess of
a million tonnes of materials to the
Palm Jumeirah maintenance project
which is now in the final stages. With
the assignment almost complete,
the company has already taken on
a number of additional projects to
continue growing as the new year
fast approaches. This includes their
recently awarded contracted for
the construction of a distinguished
water fronting in Dubai, UAE next to
the Burj Al Arab. The scope of the
project requires transportation of
over one million tonnes of rocks and
the deployment of a minimum of 10
vessels.
Additionally, MC2 recently worked
with Damen Shipyards to build a new
Fast OSV, the first Damen design for
their 40-metre series. Satisfied with
its performance and customer feedback,
MC2 accepted the delivery of
3 additional vessels and successfully
secured contracts for them in Abu
Dhabi, a location where the company
just recently opened a new branch.
The company plans to take on more
of these units in 2019 as they seek
to solidify their footing in the UAE’s
capital. Furthermore, Abu Dhabi Supreme
Council’s recent signing off on
a budget of AED 400 Billion Dirhams
for investment in offshore infrastructure
surely yields optimism for MC2.
As the company prospers, they
plan to subsequently extend their
reach. Massih elaborated, “We would
like to have local self-representation
in every area where there is potential
of performing projects. In the near
future, we hope to further penetrate
the Middle East and Mediterranean,
Saudi Arabia and India.” Moreover,
the company hopes to lengthen their
GCC reach and plans on opening an
office branch in Kuwait soon as they
have been highly active there. The
rapid growth and tremendous success
of the company in such a short
timespan has truly been remarkable
and the company slogan of “Reliability
at its core” appears to be an accurate
representation.
We are confident in our capabilities and
the reliability of our services, but what
really propelled us forward is our work ethic and
consistency in submitting our deliverables on
time efficiently"
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