Revival for Georgian Yard
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Revival for Georgian Yard


A Georgian enterprise, Poti Shipyard has signed an agreement with the Dutch company Damen Shipyards Bergum for the construction of twelve river cargo ships. According to the agreement the ships constructed by Georgian shipyard will be distributed in Europe by Damen. The ships like the ones Poti Shipyard will construct carry dry cargo and typically are used in Scandinavia, Great Britain, Holland, and Germany. Each ship can transport 200 tons of cargo. Damen Shipyards Bergum builds seven to eight cargo ships per year. It has production facilities in China, Romania, and Ukraine.

According to the Poti Shipyard, the contract is "the most serious and important offer that any Georgian enterprise has ever received from a foreign country." The shipyard's management called the deal an indicator of improvements in the Georgian investment climate. Simultaneous to the deal, Poti Shipyard is becoming certified in international standards in the coming days, a step company officials say will allow them to construct high-speed passenger ships for European markets. Poti's maritime infrastructure has benefited from several partnerships with Dutch counterparts over the last year. In October 2004 a delegation from the Dutch ports of Zeeland signed a cooperation agreement with Poti Port. In early 2005, the Netherlands Development Finance Company granted Euro 15.3 million to the port, 5.4 million of which is to being used to rehabilitate the port's breakwater.

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