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INFRASTRUCTURAL DEVELOPMENT - SHIPBUILDING

Drydocks World announces overall customer satisfaction rating of 96 per cent

Posted on 29/08/2013

Drydocks World has announced the results of its satisfaction survey questionnaire and has received an Overall Customer Satisfaction Rating of 96 per cent from their clients. The satisfaction questionnaire covers 29 distinct areas, including Health, Safety '&' Environment, project management and administration, technical services, services from various trades and tendering processes on all projects over a period ranging from January to July 2013. The questionnaire was completed by clients who ...  >>MORE

Azzam world’s top yacht: Report

Posted on 13/08/2013

Nice: The UAE has dethroned Russian billionaire Roman Abramovich in the race to own the world's biggest mega-yacht, Yachts France magazine has reported. The 180-metre (590-foot) "Azzam” built for the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has ousted Abramovich's 163.5-metre (536-foot) "Eclipse” from the top of the yacht league table, the magazine said in its annual survey of the world's 100 biggest yachts. After holding the top spot for three years, the "Eclipse” was ...  >>MORE

Dubai Maritime City, Mubarak Marine Dh130m deal for marine complex

Posted on 18/07/2013

Dubai Maritime City LLC (DMC), a mixed-use maritime cluster, has signed an Dh130 million long-term partnership agreement with Mubarak Marine LLC for the development of an industrial complex project for maritime services, shipbuilding and repair. This complex will enable Mubarak Marine to establish their headquarters as well as a major marine workshop and maintenance facility. The agreement is in keeping with the overall promotion and development of business relations and national and foreign ...  >>MORE

Drydocks World judged Best Repair Yard at ShipTek 2013

Posted on 22/05/2013

Drydocks World, one of the most renowned and prolific maritime service providers operating from the Middle East, received the "Best Repair Yard" Award at the 6th Marine BizTV International Maritime Awards, organised in conjunction with ShipTek 2013. The award was received on behalf of the company by Ali bin Towaih, Vice President, Commercial '&' Business Development. ShipTek, in its 6th year, has set the benchmark for marine sector awards and is the largest so far. The event is comprised of ...  >>MORE

Abu Dhabi wins deals to build, upgrade ship for Kuwait Navy

Posted on 21/02/2013

Kuwait has picked up Abu Dhabi Ship Building, or ADSB, to carry out its Landing Craft programmes. The programme involves the supply of two 64-metre Landing Craft, one 42-metre Landing Craft and five 16-metre Composite Fast Landing Craft. All vessels will be constructed at ADSB's world class facility in Abu Dhabi, says an announcement made by ADSB, one of Mubadala's defence-related companies. The total contract programme is approximately 24 months, and construction is anticipated to start in ...  >>MORE

Drydocks World finalising conversion of FSRU Toscana

Posted on 07/02/2013

Maritime services provider, Drydocks World, after the naming ceremony held yesterday by OLT LNG Offshore Toscana, announced that the FSRU Toscana conversion project at the Dubai based shipyard, is going to be finalised. The Floating Storage and Re-gasification Unit is intended for a 20 year design life 12 nautical miles off the shores of north-west Italy, in the waters of the Tyrrhenian Sea close to Livorno. The Liquefied Natural Gas (LNG) carrier Golar Frost, a 2004 Korean built 288.6m x 48 ...  >>MORE

Drydocks World expects 10% growth in profit

Posted on 04/11/2012

Drydocks World expects a 10 per cent growth in profit this year, and is looking at options to enter the Saudi Arabian market as part of its expansion plans, according to the company's top executive. "We expect a 10 per cent growth in our net profits for 2012, and we are doing well. We don't need any financial aid from the government,” Khamis Juma Bu Amim, the company's chairman, told reporters on the sidelines of an event here. Drydocks made a net profit of US$134 million in 2011, according ...  >>MORE

First locally made ship launched

Posted on 24/09/2012

The Obaid bin Suloom Establishment for Manufacturing and Repairing Ships recently launched the first of its kind 100 per cent locally-made ship in the UAE and the Middle East. The ship, billed ‘Obaid', was floated out into the water in the Al Jurf area of Deira, Dubai, in the presence of senior officials, as well as a large number of fans and media people. Finishing works spanning the installation of the engine, power supplies, cranes and navigation systems and devices will take two months, ...  >>MORE

Drydocks World reaches exclusive co-operation agreement with ABB at SMM

Posted on 12/09/2012

Drydocks World, the most productive shipyard in the Middle East will have a dedicated service point for ABB turbochargers in its facility in Dubai. A Memorandum of Understanding (MoU) was signed to this effect between Drydocks World and ABB Turbocharging at the SMM in Hamburg, one of Europe's leading maritime exhibitions, where Drydocks World will have its largest-ever representation at the show this year. The signing ceremony was held at the Hamburg Chamber of Commerce, in the presence of ...  >>MORE

Gulf Craft hands over superyacht Majesty 125

Posted on 23/07/2012

Gulf Craft has successfully completed another Majesty 125 hull — its second largest superyacht model — from its yacht manufacturing facility in the UAE. Destined for the French Riviera, the superyacht's striking exterior profile exhibits a snow-white superstructure, prairie beige hull and a sky-blue fender line, reminiscent of its sister yacht already active in charter in the same area since 2010. The latest Majesty 125 hull has however been semi-custom built for its owner, and features not ...  >>MORE

First Ghannatha class missile boat launched in Abu Dhabi

Posted on 12/07/2012

The first Ghannatha class missile boat for the UAE Navy to have been built in Abu Dhabi was launched yesterday at the Abu Dhabi Ship Building (ADSB) yard in Mussaffah. Al Muroom is the fourth ship in the new class, the first three vessels were built by ADSB's partner, Swedeship Marine. The UAE Navy has ordered 12 of the new boats, based on the design of its successful Ghannatha class inshore troop carriers. Under the Dh935 million (US$254.5m) contract, ADSB will build nine missile boats ...  >>MORE

Drydocks World announces Joint Venture partnership for global strength and synergies

Posted on 28/06/2012

Drydocks World, announced that it has entered into a global strategic alliance with Kuok Group to form a Joint Venture between Drydocks World - SEA and Pacific Carriers Limited, a highly recognised international name in the shipping industry. The new venture will subsequently be renamed DDW-PaxOcean Asia Pte Ltd and will continue to have its headquarters in Singapore. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, will also serve as the Chairman of the Board of ...  >>MORE

TOPAZ TO BUILD NEW FERRY FOR SHARJAH TO ABU MUSA ROUTE

Posted on 25/06/2012

Topaz Marine Engineering, a UAE shipbuilder with a focus on supporting the offshore oil and gas industry, is branching out to supply the Government of Sharjah with a catamaran passenger ferry. The ferry is set for delivery next year, when it will carry 40 passengers at a time to and from Abu Musa, one of three islands occupied by Iran, located some 60km from the UAE mainland. Topaz said it was tapping a growing regional market by building on its expertise with catamarans after delivering ...  >>MORE

Drydocks World Dolphin beta launches largest world wind-powered offshore platform

Posted on 24/06/2012

Drydocks World said that construction has begun on DolWin beta, the world's largest Wind Power HVDC Offshore Platform for Aibel AS, a leading service company that works within the oil, gas and renewable energy sectors. A steel cutting ceremony was held to mark the occasion attended by H. H. Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and CEO of Emirates Group as the Guest of Honour at the ceremony. Also present were prominent people from ...  >>MORE

Mohammed bin Zayed tours ESB shipyard

Posted on 21/03/2012

His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, paid yesterday an inspection tour of the Etihad Ship Building (ESB) factory, a joint venture between joint venture Al Fattan Ship Industries, Melara Middle East and Italy's shipbuilder Fincantieri, at Taweela area. After welcoming by Musbah Rashid Al Fattan, Chairman of ESB, and senior executive managers, Sheikh Mohammed acquainted himself with different ...  >>MORE

New superyacht by Gulf Craft premier at Dubai International Boat Show

Posted on 14/03/2012

A brand new superyacht concept from the Majesty Yachts range was premiered yesterday by Gulf Craft, the largest manufacturer of luxury yachts and fibreglass boats in the Middle East and Asia at the Dubai International Boat Show 2012. The premiere of Majesty 105 follows the UAE-based shipyard's recent showcase of its largest ever hull construction - the Majesty 135 - at its 30th anniversary gala celebration held on March 10 at its yacht manufacturing facility in the UAE. The Majesty 105 ...  >>MORE

Abu Dhabi plans to build stealth ships

Posted on 07/03/2012

A new joint venture shipyard in Abu Dhabi will construct stealth vessels and in the future plans to build upgraded marine engines in collaboration with Italy's Fincantieri, which builds naval and merchant ships. Etihad Ship Building (ESB), in a joint venture deal with Abu Dhabi's Al Fattan Ship Industries, weapons suppliers Melara Middle East of Dubai and Italy's Fincantieri, will construct, refit and carry out maintenance of stealth vessels for the UAE Navy and regional navies. Initially, ...  >>MORE

Capital ship builder's revenue riding a wave

Posted on 05/03/2012

Abu Dhabi Ship Building (ADSB) has announced that its contract revenue jumped by more than Dh200 million (US$54.4m) last year to Dh1.3 billion but said its profit had slipped. The company, which yesterday posted its preliminary results for last year, reported that net profit before currency fluctuations had dropped to Dh56.4m from Dh86.3m in 2010. Earnings per share were 19.4 fils compared with 41.9 fils in 2010. "The reduction compared to 2010 was expected," the company said in a statement ...  >>MORE

Warship launched in Abu Dhabi

Posted on 16/02/2012

A warship — the fourth of six being developed for the UAE navy in a Dh4 billion project — was launched yesterday in Abu Dhabi. Abu Dhabi Ship Building (ADSB) unveiled the 72-metre vessel, called Mezyad, which is equipped with propulsion engines and weaponry. Mezyad is the third ship under the Baynunah Corvette Class Programme to be developed by the company. The vessels are expected to be delivered to the UAE Navy by 2014, with a six-month interval between each delivery. "Baynunah Class ...  >>MORE

Drydocks delivers twin compact high power anchor handling tug supply vessels

Posted on 13/02/2012

Drydocks World, the well-established service provider in maritime, oil and gas industries, announced that it successfully delivered two sister anchor handling tug supply vessels Greatship Vidya and Greatship Vimla, from its Singapore yard recently. They are among two 'V' Class series vessels for the Greatship Group. 'Our services to the offshore, oil and gas industries have gathered momentum in recent months, following the re-alignment of our business strategy. We have been providing wide ...  >>MORE

6th largest superyacht launched in Abu Dhabi

Posted on 04/12/2011

ADMShipyards, a member of Privinvest Holding, a private equity and venture capital firm, has announced the launch of its first superyacht, Yas. At 141 metres, the private yacht ranks as the sixth largest superyacht in the world, and was officially named Yas at its recent launch. Yas’ interiors and exteriors were styled by the Paris-based Pierrejean Design Studio, and the superyacht boasts of an overall length of 462.60ft. Designed to comfortably accommodate up to 60 guests, it is ...  >>MORE

Drydocks World to build self-elevating platform

Posted on 29/05/2011

Drydocks World, one of the region's largest ship repair facilities, conversion and new building facilities, announced that it has signed a contract with Mumbai-based construction group Afcons Infrastructure to provide detail engineering, procurement, construction and delivery of a Self Elevating Platform AF SEP Samrat. The 45-metre-long flat bottom pontoon barge, which will be built at the Dubai facility, can be jacked up with four spuds and a jacking system with an elevated weight of ...  >>MORE

Drydocks World to carry out US$3.3m refurbishment on unique semi-submersible crane vessel

Posted on 01/05/2011

Drydocks World will carry out refurbishment worth US$3.3m onboard semi-submersible crane vessel Hermod belonging to Dutch company Heerema Marine Contractors, a service provider in the offshore oil and gas industry. The ship is 154 m long and 86 m wide and is one of the largest in operation, the company said in a press release. Its draft is 10.5 - 28.2 m depending on whether water has been taken in. The Hermod is capable of a tandem lift of 8,100 tonnes and has been employed on several record ...  >>MORE

Abu Dhabi Ship Building launches third naval ship

Posted on 06/04/2011

Abu Dhabi Ship Building has launched "Al Dhafra”, the third war ship for the UAE Navy. The ship, which is part of the multi-billion dirham Baynunah Corvette Class Programme, is now "over 70 per cent” complete, a significant milestone by naval shipbuilding standards for vessels at the launch stage, the Abu Dhabi Ship Building announced. The Baynunah Corvette Class Programme launched four years ago consists of six state-of-the-art warships for the UAE Navy, which will be fitted with latest ...  >>MORE

Drydocks World begins official talks to forge co-operation with Singapore's EDB

Posted on 05/04/2011

Drydocks World has begun official cooperation discussions with the Economic Development Board (EDB), which is Singapore's lead government agency that plans and executes economic strategies for business and investment. Khamis Juma Buamim, Chairman of the Board of Drydocks World and Maritime World and Tan Choon Shian, Deputy General Manager of Singapore's Economic Development Board along with the accompanying delegation held discussions after a formal visit to the recently concluded Offshore ...  >>MORE

Drydocks World plans to pay creditors US$90m

Posted on 13/03/2011

Drydocks World LLC, the ship repair unit of Dubai World, plans to pay US$90 million (Dh330 million) that is due to trade creditors by the end of April, according to the company's chairman Khamis Bu Amim. Bu Amim said the company has met with its international trade creditors this week, "and has informed them of the restructuring process that the company is currently undergoing". They were informed that they will be paid by the end of April under the terms of a debt restructuring deal. Other ...  >>MORE

Drydocks World subsidiary raises US$265m

Posted on 21/02/2011

A Dubai-based marine geophysical company, in which Drydocks World Dubai has 9.4% stake, has secured financing to fund its newbuild orders and is on track to become one of the top five players in its field by 2012. In a statement to the Oslo Bourse, Polarcus Limited said it has successfully completed new financing of US$200 million to enable the reacquisition and completion of a 3D seismic vessel POLARCUS ALIMA, scheduled for delivery from the shipyard in Q1 2011. 3D seismic is used in ...  >>MORE

Abu Dhabi Ship Building's profits drop on marine industry slowdown

Posted on 14/02/2011

Abu Dhabi Ship Building (ADSB), the country's naval and commercial vessels supplier, yesterday reported a 20.7 per cent drop in full-year net profits to Dh90.6 million. Earnings per share also fell by 22.2 per cent to 42 fils. The marine vessels contractor generated Dh1.13 billion in revenues, only slightly less than the full-year 2009 results. The fall in revenues was 2.67 per cent. "Revenues have exceeded Dh1 billion for the second year in a row. Gross profit has been consistent, ...  >>MORE

Drydocks World wins US$13m FPSO conversion project

Posted on 21/12/2010

Drydocks World announced that it has been awarded a conversion contract, estimated at US$13 million (Dh47.8 million) by BW Offshore, one of the world's leading contractors. The vessel, BW Carmen, which has been renamed BW Athena was built in 1994 and converted to an FPSO in 1999. The vessel arrived at the yard recently. Under the agreement with BW Offshore, Drydocks World's scope of work includes lengthening of the vessel and fabrication and installation of a new section for the Submerged ...  >>MORE

Drydocks World begins construction of leading-edge US$110m Compact Semi-Submersible Vessel

Posted on 01/12/2010

Drydocks World has held a keel laying ceremony for a state-of-the-art Compact Semi-Submersible (CSS) vessel. 'The Derwent' is being built for integrated energy services provider Hallin Marine Subsea International Ltd, a Superior Energy Services company, at Drydocks World's Nanindah shipyard at Batam in Indonesia. The contract for the distinctive project is valued at US$110m. Drydocks World and Maritime World Chairman Khamis Juma Buamim stated that while subsea production systems ranged in ...  >>MORE

Drydocks World wins US$100.4m deal to build four platform supply vessels for US company

Posted on 20/10/2010

Drydocks World announced yesterday that it has won a US$100.4 million contract to build four Platform Supply Vessels (PSV), with option for four more units, for Tidewater Marine LLC, a wholly-owned subsidiary of Tidewater Inc., the world's largest and most experienced provider of global marine support services for the offshore energy industry. The vessels will be built at DDW- Nanindah shipyard at Batam in Indonesia and the first unit is targeted for delivery in 18 months time, followed by ...  >>MORE

Jadaf Dubai in pact with Goltens

Posted on 31/08/2010

Jadaf Dubai, one of the oldest ship repair yards in the Arabian Gulf and a part of Drydocks World Group, has awarded a 25-year lease of two plots to Goltens. The company recently signed a long-term ground development lease agreement (Musataha) with Goltens, a global ship repair and maintenance specialist. The agreement with Goltens for a shipbuilding and ship repair facility at the Industrial Precinct of Dubai Maritime City was signed by Hamad Al Maghrabi, managing director of Jadaf Dubai ...  >>MORE

Abu Dhabi Ship Building delivers 42-metre landing craft to Royal Bahrain Naval Force

Posted on 14/07/2010

Abu Dhabi Ship Building yesterday delivered the first of two 42-metre Landing Craft being built for the Royal Bahrain Naval Force. The project, being undertaken at Abu Dhabi Ship Building's world-class ship building facility in Mussaffah, Abu Dhabi, has helped strengthen its reputation as a world-class builder of various Naval Ships, particularly after the company won the contract for both 42-metre Naval Landing Craft and two 16-metre Fast Landing Craft in late 2008 against strong ...  >>MORE

Drydocks World builds second 3-D seismic vessel for WesternGeco

Posted on 05/07/2010

Drydocks World - Dubai, the region's largest ship repair, conversion and new building yard and the flag ship operation of Drydocks World Group followed up its success in sophisticated building capability by building the seismic vessel NB65 for its client WesternGeco. A naming ceremony for the vessel, now called ‘WG Cook' was held at the Dubai yard last Thursday. The ultra modern high capacity 12-streamer 3-D seismic vessel is the second built at the yard for WesternGeco, a business segment of ...  >>MORE

Drydocks World in US$1.7bn loan restructure talks

Posted on 01/06/2010

Ship and rig builder Drydocks World, a unit of Dubai World, is in talks with banks to restructure US$1.7 billion (Dh6.24bn) in debt maturing in November next year, its chief executive Geoff Taylor said yesterday. The company was engaged in "useful and open discussions" with banks and expected to conclude talks over the next few months, he said. The shipbuilding arm of Dubai World has a US$1.7bn loan maturing in November 2011. Dubai Drydocks signed a US$2.2bn loan in October 2008, involving ...  >>MORE

Drydocks World wins Dh110m contract to build semi-sub

Posted on 24/05/2010

Dubai Drydocks World has won a contract to build a state-of-the-art oil well intervention compact semi-submersible (CSS) vessel. This will be the Dubai company's third order from integrated energy industries service provider Hallin Marine, a statement said. The vessel will cost US$110 million (Dh403 million). Designed by STX Canada Marine, the diesel and electric CSS's primary function will be to facilitate repair and maintenance of an existing well via chemical injection on braided ...  >>MORE

Abu Dhabi Ship Building commences next phase of Baynunah Corvette class program

Posted on 06/05/2010

Abu Dhabi Ship Building (ADSB), has commenced the next phase of its Baynunah Corvette Class pride Program constructions for the UAE Navy. The Prime Contractor has moved the second vessel from the assembly hall where it will pass through its final systems outfitting in preparation for its launching sometimes later in this year where it will go through an intensive acceptance trials prior to the final delivery to the UAE Navy. The First of Class has already been launched in mid 2009. Four ...  >>MORE

Abu Dhabi MAR buys German shipyards

Posted on 15/04/2010

Abu Dhabi MAR, Abu Dhabi-based shipbuilding group has acquired Blohm+Voss Shipyards in Hamburg and the civil shipbuilding facilities of the former HDW Gaarden including employees in Kiel. Following a contract with ThyssenKrupp Marine Systems, Abu Dhabi MAR will also acquire an 80 per cent stake in each of Blohm + Voss Repair and Blohm + Voss Industries, both of Hamburg. The two companies also agreed on a close strategic partnership, which will involve the establishment of a 50:50 strategic ...  >>MORE

Drydocks World has orders worth US$200m

Posted on 08/04/2010

Drydocks World – Southeast Asia (DDW-SEA), the Southeast Asian subsidiary of Drydocks World says it has won new building and conversion orders worth more than US$200 million (Dh734m) since the beginning of 2010. The company says that while the new building and conversion markets for the shipping and offshore sectors continue to be challenging, the first quarter of this year has shown some signs of recovery. After a worldwide lull in conversion contracts in 2009, DDW-SEA won two major ...  >>MORE

Drydocks World establishes new marketing unit

Posted on 02/04/2010

Drydocks World announced the establishment of Drydocks World - Offshore - as a new entity within the group. This is a marketing arm specifically set up to sell the significant offshore capabilities of Drydocks World, which will move towards offering complete Engineering, Procurement and Construction (EPC) solutions to the company's clients, as well as continuing its original core business of ship repair. Drydocks World - Dubai is already a well-known facility with an unparalleled capability ...  >>MORE

New Abu Dhabi Ship Building joint venture GLNS to debut at ISNR expo

Posted on 02/03/2010

Abu Dhabi Ship Building (ADSB), has announced that Gulf Logistics and Naval Support LLC (GLNS), the new joint venture between ADSB and the UK's BAE Systems Surface Ships, will be joining the International Security National Resilience (ISNR) Exhibition and Conference for the first time. Widely regarded as the definitive event in the Middle East, ISNR Exhibition will run from March 1 to 3, 2010 at the Abu Dhabi National Exhibition Centre. ADSB aims to further broaden its regional presence ...  >>MORE

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Quick List

Drydocks World announces overall customer satisfaction rating of 96 per cent


Azzam world’s top yacht: Report


Dubai Maritime City, Mubarak Marine Dh130m deal for marine complex


Drydocks World judged Best Repair Yard at ShipTek 2013


Abu Dhabi wins deals to build, upgrade ship for Kuwait Navy


Drydocks World finalising conversion of FSRU Toscana


Drydocks World expects 10% growth in profit


First locally made ship launched


Drydocks World reaches exclusive co-operation agreement with ABB at SMM


Gulf Craft hands over superyacht Majesty 125


First Ghannatha class missile boat launched in Abu Dhabi


Drydocks World announces Joint Venture partnership for global strength and synergies


TOPAZ TO BUILD NEW FERRY FOR SHARJAH TO ABU MUSA ROUTE


Drydocks World Dolphin beta launches largest world wind-powered offshore platform


Mohammed bin Zayed tours ESB shipyard


New superyacht by Gulf Craft premier at Dubai International Boat Show


Abu Dhabi plans to build stealth ships


Capital ship builder's revenue riding a wave


Warship launched in Abu Dhabi


Drydocks delivers twin compact high power anchor handling tug supply vessels


6th largest superyacht launched in Abu Dhabi


Drydocks World to build self-elevating platform


Drydocks World to carry out US$3.3m refurbishment on unique semi-submersible crane vessel


Abu Dhabi Ship Building launches third naval ship


Drydocks World begins official talks to forge co-operation with Singapore's EDB


Drydocks World plans to pay creditors US$90m


Drydocks World subsidiary raises US$265m


Abu Dhabi Ship Building's profits drop on marine industry slowdown


Drydocks World wins US$13m FPSO conversion project


Drydocks World begins construction of leading-edge US$110m Compact Semi-Submersible Vessel


Drydocks World wins US$100.4m deal to build four platform supply vessels for US company


Jadaf Dubai in pact with Goltens


Abu Dhabi Ship Building delivers 42-metre landing craft to Royal Bahrain Naval Force


Drydocks World builds second 3-D seismic vessel for WesternGeco


Drydocks World in US$1.7bn loan restructure talks


Drydocks World wins Dh110m contract to build semi-sub


Abu Dhabi Ship Building commences next phase of Baynunah Corvette class program


Abu Dhabi MAR buys German shipyards


Drydocks World has orders worth US$200m


Drydocks World establishes new marketing unit


New Abu Dhabi Ship Building joint venture GLNS to debut at ISNR expo