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INFRASTRUCTURAL DEVELOPMENT - SHIPBUILDING

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

Abu Dhabi Ship Building posts record financial results for 2009

Posted on 25/02/2010

Abu Dhabi Ship Building (ADSB) has announced that it achieved a net profit of Dh114.39 million on revenues of over Dh1.16 billion for the year 2009, representing an earnings per share (EPS) of 53.9 fils. The company also reported total assets of over Dh2.2 billion, a growth of 29 per cent over 2008 figures. "ADSB is proud to announce results for 2009 that are the best in the company's history so far. The company's performance has remained strong despite the economic downturn and it was an ...  >>MORE

ADSB records Dh1.16b revenue as orders rise

Posted on 07/02/2010

Abu Dhabi Ship Building Company, or ADSB, which has emerged as the leading naval shipyard in the Arabian Gulf has made a revenue of about Dh 1.16 billion in 2009 making a significant increase from Dh 842 million earned in the
 previous year. The company has booked a net profit of Dh 114 million in 2009 compared to Dh 103 million in 2008. The net operating profit of the company was Dh 112 million in 2009 as against Dh86 million in the previous year. The company's earnings per share ...  >>MORE

Drydocks World unit wins deal

Posted on 24/01/2010

Drydocks World-Southeast Asia (DDW-SEA), the Southeast Asian subsidiary of Drydocks World, has secured a contract with Scottish Highlands International to construct a 210-metre ultra large multi-purpose offshore construction vessel, the company said. DDW-SEA operates four shipyards in Singapore and on Batam Island Indonesia providing offshore rig construction, volume shipbuilding and ship repair and conversion services. It currently has 14 offshore supply vessels under construction. Its ...  >>MORE

ADSB sets sail in South Korea

Posted on 21/01/2010

The UAE's growing ties with South Korea have been extended to vessels on the high seas as Abu Dhabi Ship Building (ADSB) signed a co-operation agreement with Korean shipbuilders. The Mussaffah-based company said yesterday it would work with STX Offshore and Shipbuilding, the world's fourth-largest shipbuilder, and the nine-member Korea Shipbuilders' Association to identify areas of commercial collaboration. The partnership could initially focus on the design, integration and manufacture of ...  >>MORE

Demand for ship repair services to pick up in UAE

Posted on 12/01/2010

Demand for ship repair services and facilities is poised to accelerate in the UAE, the regional hub for dry dock facilities, when the global shipping activities revive, according to a marine expert. "Ship repair in a buoyant offshore and world economy has good synergy for the UAE and on an upturn this will again increase ship repair demand to meet owners requirements for their vessels to be in the right condition for charter requirements," William Andrew Henderson, Group Chairman and Managing ...  >>MORE

Drydocks World - Dubai delivers 3-D seismic vessel Polarcus Nadia

Posted on 30/12/2009

Drydocks World - Dubai, the region's premier ship repair, conversion and new building yard and the flagship company of the Drydocks World Group, has marked a high point in its sophisticated new building capability with the delivery of Polarcus Nadia, the most advanced seismic vessel built at the yard to date. The vessel, first of a series of four vessels to be built at Drydocks World - Dubai (DDW-D), is to be part of the Polarcus fleet, the Dubai-based, leading marine geophysical company ...  >>MORE

Abu Dhabi MAR Group, ThyssenKrupp agree on long-term strategic partnership

Posted on 18/10/2009

Abu Dhabi MAR Group, an Abu Dhabi-based international shipbuilding group and ThyssenKrupp Marine Systems, part of ThyssenKrupp, have agreed on a close strategic partnership. Following the acquisition of Nobiskrug Shipyard in Rendsburg, Germany, the envisaged partnership is a further step for Abu Dhabi MAR Group towards creating a world leader in naval and mega-yacht building. The strategic partnership involves the formation of a 50:50 joint venture, Blohm + Voss Naval, for the design and ...  >>MORE

BVT and Abu Dhabi Ship Building form Abu Dhabi naval support joint venture

Posted on 28/07/2009

BVT Surface Fleet, the maritime joint venture between BAE Systems and VT Group, have formed a joint venture in the United Arab Emirates (UAE) with Abu Dhabi Shipbuilding to provide world class naval support services for customers in the Gulf Cooperation Council (GCC) Region, Egypt and Jordan. The new company, Gulf Logistics and Naval Support LLC (GLNS), will be the first company of its kind in the Arabian Gulf and will offer a range of naval support services across the full spectrum of ...  >>MORE

Drydocks World-Dubai, BP Shipping renew partnership through Alliance Agreement

Posted on 23/07/2009

Drydocks World - Dubai, the flagship ship repair, conversion and new building yard of Drydocks World, has renewed its long-standing association with BP Shipping with the signing of a new Alliance Agreement. According to the Agreement, signed by Nawal Saigal, Managing Director of Drydocks World - Dubai, and Dave Williamson, VP Fleet Operations of BP Shipping, the two companies will work closely to achieve optimum production levels based on mutually agreed terms, which includes strict ...  >>MORE

Abu Dhabi Shipbuilding plans naval joint venture

Posted on 16/07/2009

The Abu Dhabi Shipbuilding (ADSB) said yesterday it was planning to create a joint venture focusing on providing naval support services in the region. The company's board of directors said it approved documents related to the project but gave no details. ADSB was established in Musaffah industrial area just outside the capital in 1995 as a joint venture between the Abu Dhabi Government, Mubadala Development Company and other shareholders. It has won several major contracts for the UAE ...  >>MORE

Abu Dhabi yacht-builder buys stakes in German boatyard

Posted on 09/07/2009

Private yacht-building company Abu Dhabi MAR said on Wednesday that it has bought a majority stake in German shipbuilding company Nobiskrug's shipyard in Rendsburg. The company bought "a controlling interest” in the Nobiskrug Shipyard, it said, without disclosing the size or value of its stake. Nobiskrug, which specialises in building luxury yachts, has built and launched more than 700 vessels and has five large yachts under construction, the statement said. Efforts to contact staff at Abu ...  >>MORE

Drydocks World delivers two self-elevating platforms for wind farm installation

Posted on 11/06/2009

Drydocks World - Southeast Asia, the Southeast Asian subsidiary of Drydocks World, has announced the recent delivery of JB-114 and JB-115 from its Drydocks World - Nanindah yard on Batam Island, Indonesia, to Self Elevating Platforms N.V. The unit will be operated by subsidiary company, Jack-Up Barge B.V., a leading supplier to the oil '&' gas, wind farm and civil construction industries and wind turbines market, as well as for the heavy civil construction market. Ronald Schukking, Managing ...  >>MORE

ADSB profit tumbles 62%

Posted on 04/05/2009

The Abu Dhabi Shipbuilding (ADSB) said yesterday its net profit tumbled by nearly 62 per cent in the first quarter of 2009 after netting record earnings through 2008 because of a surge in business. ADSB, one of the largest shipyards in the region, said net profits dived to Dh10 million in the first quarter of 2009 from Dh26.74m in the first quarter of 2008. The decline was a result of a sharp drop in the company's total revenue to around Dh159.3m from Dh197.4m in the same period. Operating ...  >>MORE

GEM takes delivery of Korean shipbuilder's first Panamax

Posted on 29/03/2009

Gulf Energy Maritime (GEM) has taken delivery of the first ever Panamax built by Korean ship building giant, Hyundai Mipo Dockyard (HMD), marking a historic event in association with the Dubai-based carrier. The 75,000 dwt product oil carrier, Gulf Castle, is also the first of four new Panamax vessels scheduled for delivery this year from HMD, and is the fifth Panamax vessel in the fleet. Earlier this month GEM took delivery of the 47,000 dwt Gulf Muttrah, and with Gulf Castle, GEM's fleet ...  >>MORE

Abu Dhabi-based Shipyard to offer world rivaling products

Posted on 12/03/2009

With more berths, better marine facilities and more suppliers, boat ownership in the region is expected to really take off, especially in the leisure market and ever expanding coastline development. The launch of a new boat manufacturing company, Emocean Marine, a joint venture between 3 Abu Dhabi based groups bringing together industrial experience (Senaat), market knowledge (Phoenix Group), and strategic business leadership (Mr. Ali Al Naqbi), was announced at a press conference held in Abu ...  >>MORE

Major UAE Navy order for Abu Dhabi Ship Building

Posted on 26/02/2009

Under a contract announced by the UAE Armed Forces at IDEX 2009, Abu Dhabi Ship Building (ADSB) is to build twelve new boats for the UAE Navy and retrofit twelve existing boats. The UAE Armed Forces announced on the second day of IDEX the signing of a contract with Abu Dhabi Shipbuilding Company for supply of 12 combat vessels at a value of Dh 771.1 million and upgrading another 12 combat vessels at total cost of Dh 164.3 million. The total contract was valued at Dh 935.4 million. The 26.5m ...  >>MORE

CNIA signs 460 million Dh contract with ADSB to build 34 interceptor boats

Posted on 24/02/2009

The Critical National Infrastructure Authority (CNIA) signed an agreement with Abu Dhabi Ship Building Company (ADSB) to build and supply 34 high-speed interceptor boats at an estimated total value of Dh 460 million. The deal was signed during the 9th International Defence Exhibition (IDEX 2009) at Abu Dhabi National Exhibition Center. CNIA's Director General, Staff Brigadier Engineer Muhair Ali Al Khateri, said, "Through this deal, CNIA aims to expand the capabilities of its fleet which is ...  >>MORE

ADSB builds last Navy corvette

Posted on 28/12/2008

A major shipyard in Abu Dhabi has started production of the last of six advanced corvettes for the UAE Navy and all of them are expected to be commissioned within the next three years, a defence newsletter said yesterday. The Abu Dhabi Shipbuilding (ADSB), one of the largest shipyards in the region, is building the vessel which will be sent to France for outfitting under a contract with Constructions Mecaniques De Normandie (CMN). "Production work has now begun on the last of six Baynunah ...  >>MORE

Dubai Maritime City unveils new eco-friendly facility for boat lift, cleaning and maintenance services

Posted on 17/12/2008

Dubai Maritime City, the world's first purpose-built maritime centre and part of the Dubai World Group of companies, has announced that boat owners can now avail of new services within the integrated maritime centre including boat lifts, hull cleaning, general below waterline maintenance such as anode replacement, and re-launches in less than one hour. The new range of services were unveiled after Palm Marine Yacht Services recently completed the installation and commissioning of Sealift2, a ...  >>MORE

Drydocks World-Dubai wins British Safety Council Sword of Honour 2008

Posted on 11/12/2008

Drydocks World - Dubai the ship repair, conversion and new building yard and the flagship company of Drydocks World, added another feather to its cap of achievements when it won British Safety Council's globally respected Sword of Honour for the fifth successive year. The award is in recognition of the highest safety standards the company has established with a pro-active safety management system. Designed to encourage and reward organisations that work to set best practice in health and ...  >>MORE

Bahrain lands craft contract for Abu Dhabi Ship Building

Posted on 12/11/2008

Abu Dhabi Ship Building has been awarded a contract to build four landing craft for the Bahrain Naval Forces. The multi-million dollar contract was won in the face of stiff competition from international shipyards. This is the second Bahraini order for Abu Dhabi Ship Building (ADSB), the only dedicated naval shipbuilding and repair facility in the Arabian Gulf. The new contract, awarded by the Kingdom of Bahrain Defence Force, is for the construction of two 42-metre steel landing craft and ...  >>MORE

UAE's Topaz Energy secures $225m contract from BP in Azerbaijan

Posted on 08/09/2008

Dubai-headquartered Topaz Energy and Marine Limited announced that its wholly owned subsidiary BUE Marine Limited has been awarded a ten year-US$225m contract from BP Azerbaijan to custom-build and supply three support marine vessels. BUE beat competition from across the globe for the three vessel package, which comprises one Dynamically Positioned Platform Supply Vessel (PSV), one Dynamically Positioned Anchor Handling Tug Supply Vessel (AHTS) and one Emergency and Recovery and Response ...  >>MORE

ADSB, Rolls-Royce sign agreement to provide waterjet support services in GCC

Posted on 02/09/2008

Abu Dhabi Ship Building and Rolls-Royce Marine Middle East announced an agreement to set up a Waterjet Centre of Excellence in Abu Dhabi to provide support services to its customers in the Arabian Gulf Region. ADSB is the only naval shipyard in the Middle East, providing both build and support services for all Gulf Cooperation Council (GCC) naval vessels. Rolls-Royce will work with ADSB to offer services such as training, maintenance, repairs and overhauls, spare parts and service contracts ...  >>MORE

Drydocks World to build fifth yard in Southeast Asia

Posted on 05/08/2008

Drydocks World, the shipbuilding and ship repairing unit of Dubai World expects to start operations at a fifth yard in the Southeast Asia region in 18 months' time, according to company officials. Dredging work will begin on the 174-hectare (430-acre) site in Batam, Indonesia in late September. The new yard, PT Maritime Centre, will be operated by a 80/20 joint venture between Drydocks and offshore engineering company and land rig builder, Fabtech, according to Drydocks World – SE Asia's CEO ...  >>MORE

New ADSB and BVT joint venture to provide naval support services in Arabian Gulf

Posted on 21/07/2008

Abu Dhabi Ship Building PJSC and BVT Surface Fleet Ltd. of the UK, the maritime Joint Venture between BAE Systems and VT Group, announced Sunday their intention to form a new joint venture company that will provide a complete range of support services to navies and security organizations in the GCC. It will be the first joint venture of its kind in the Arabian Gulf Region where a locally-based, world class, naval shipbuilding company has teamed with one of the world's leading providers of ...  >>MORE

World’s largest mobile boat hoist assembled at Dubai Maritime City

Posted on 06/07/2008

Dubai Maritime City has announced that it has successfully assembled and functionally tested the world's largest mobile boat hoist at its facilities. The hoist, which weighs 300 tonnes and is capable of lifting 720-tonne boats, will be load-tested in early August 2008, after which it will be fully operational in October of the same year. The hoist took a year to build in Italy and was assembled in 45 days in Dubai with the assistance of Italian industrial lifting equipment specialist Ascom. ...  >>MORE

GHQ awards ADSB Dh150m refits contract

Posted on 25/06/2008

The UAE Armed Forces' General Headquarters (GHQ) has awarded Abu Dhabi Ship Building Company (ADSB) a contract for the operational refits of the UAE Navy's two 65-metre Murray Jib Class Corvettes. The value of the contract is estimated at between Dh150 million and Dh200 million. The ADSB has already commenced ordering the major equipment packages. The scope of work for the operational refit comprises repairing or replacing and overhauling the ship's hull; mechanical, electrical and propulsion ...  >>MORE

Gulf Craft to launch new yacht models on Tuesday

Posted on 11/03/2008

Gulf Craft will be launching five new boat models at the Dubai International Boat Show on Tuesday. Targeting different segments in the market with three brands under the umbrella, Gulf Craft is adding two new luxury yachts, the majesty 77 and 121, silver craft 37, and the latest in their product line, the sport cruisers Oryx 40 fly and 46 fly. The majesty yachts are super yachts that have a high demand in the market as well as the Oryx line to young and trendy customers. – Gulf News ...  >>MORE

ADSB gets contract to build boats for Coast Guard

Posted on 06/03/2008

Abu Dhabi Ship Building (ADSB), the Gulf's only specialised naval warship builder, has been awarded the Al Saber project, a multimillion dollar contract to build 12 patrol boats for the UAE Coast Guard. The 34-metre boats, constructed in composite materials, will have a "mother-daughter" design. The "mother" vessel will have a stern ramp that will accommodate a smaller, high-speed, "daughter" boat that can be launched at sea to enable fast interception. The patrol boats will be laminated in ...  >>MORE

Dubai boat show sees 30% growth

Posted on 02/03/2008

The Middle East region has more than 150,000 yachts in total, with local factories accounting for approximately 15 per cent of worldwide production, according to figures released by the organisers of the Dubai International Boat Show (Dibs). As a result, this year's exhibition to be held at the Dubai International Marine Club – Mina Seyahi from 11 to 15 March, has shown a growth by more than 30 per cent in the dedicated Luxury Supplies and Services area (LSS), with participation of almost 100 ...  >>MORE

Drydocks World Dubai wins British Safety Council's Sword of Honour

Posted on 09/11/2007

Drydocks World-Dubai, an entity of Drydocks World, has been announced as a winner of the British Safety Council Sword of Honour for the fourth year in succession. This award is given to 40 organisations worldwide every year that encourage and maintain a safe working culture within their facilities. Drydocks World-Dubai is the flagship Company of the Drydocks World group and is a major player in the ship repair/conversions and new building of vessels. It employs approximately 9000 personnel. ...  >>MORE

Drydocks World group now poised to become a marine industry giant

Posted on 08/11/2007

Drydocks World, a subsidiary of Dubai World, has announced that it has successfully completed the setting up of a new group under its umbrella. It is now firmly established as a leading and expanding international player in ship repair, conversion, new building and other marine related activities. Geoff Taylor, CEO of Drydocks World, said Drydocks World will monitor, control and set procedures in respect of finance, HR and other common functions in group companies. Those in the group at ...  >>MORE

Drydocks World Dubai wins British Safety Council's Sword of Honour for fourth successive year

Posted on 24/10/2007

Drydocks World-Dubai, an entity of Drydocks World, has been announced as a winner of the British Safety Council Sword of Honour for the fourth year in succession. This award is given to 40 organisations worldwide every year that encourage and maintain a safe working culture within their facilities. Drydocks World-Dubai is the flagship Company of the Drydocks World group and is a major player in the ship repair/conversions and new building of vessels. It employs approximately 9000 personnel. ...  >>MORE

Abu Dhabi Ship Building wins Bahrain contract

Posted on 06/08/2007

Abu Dhabi Ship Building (ADSB), the region's only specialist naval and para-military shipbuilder, has signed a major contract with Bahrain's Ministry of Interior. The contract for the refit of 10 coast guard patrol boats marks ADSB's first export order for refits from another GCC country. The composite patrol boats will be delivered to the ADSB shipyard in Mussaffah, Abu Dhabi, where work will continue over a two-year period in the company's new 4,000 m2 air-conditioned Composite Workshop ...  >>MORE

Dubai Drydocks wins US$175m contract from Singapore firm

Posted on 20/06/2007

Dubai Drydocks, a market leader in ship repair and conversions, has announced that it has concluded an agreement with Singapore-based Navig8 to build four medium range (MR) product tankers, with an option for four more vessels. The deal is valued at US$175 million and is the biggest-ever signed by Dubai Drydocks. It will launch Dubai Drydocks into the arena of building larger merchant vessels. Steel cutting for the first of the four confirmed 50,000 dwt chemical carriers is scheduled to ...  >>MORE

Dubai Dry Docks extension marks a new era, says Mohammad

Posted on 22/02/2007

His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, yesterday inaugurated the new extension of Dubai Dry Docks. "The UAE has entered a new phase of development with the building and commissioning of giant ships and oil tankers in Dubai Dry Docks," Sheikh Mohammad said. The extension will see a fifth dry dock added to the existing ones. Sheikh Mohammad acquainted himself with the ship building mechanism at the new dock, and was ...  >>MORE

Luxury yachts to dazzle at boat show in Dubai

Posted on 12/02/2007

Some of the world's finest super-yachts will be displayed at the region's leading marine event, the Dubai International Boat Show (DIBS). The show will be organised by the Dubai World Trade Centre (DWTC), at the Dubai International Marine Club, Mina Seyahi, between March 13 and 17. Each of the super-yachts to be featured is more than 25 metres long, with at least three of the opulent vessels measuring almost 50m, and offering luxurious facilities including large dining rooms, gyms, ...  >>MORE

ADSB Delivers New Vessel to EDC

Posted on 30/11/2006

Abu Dhabi Ship Building (ADSB) has delivered a multi-purpose vessel to Emirates Dredging Company (EDC) four weeks ahead of schedule. The Multi Cat 1908 is the first vessel of its type built by ADSB and will be used in dredging support operations in Abu Dhabi waters. It will join a 12 metre Pushy Cat Tug Boat that was delivered last month by ADSB. This versatile 18.70 metre Bureau Veritas classed Multi Cat, named EDC M1, has been designed by ADSB's strategic partner Damen Shipyards of ...  >>MORE

Abu Dhabi Ship Building reports Dh 6.3 million profits in Q2

Posted on 30/07/2006

Abu Dhabi Ship Building company (ADSB) has posted Dh 6.29 million in net profit for the second quarter of the year, raising the cumulative net profit for the first half of 2006 to Dh 1.2 million. According to a statement by the Emirates Securities and Commodities Authority, ADSB's revenues rose by Dh 119.3 million compared to the first quarter to reach Dh 151.5 million. These results, the statement said, were expected as the company was progressing towards the achievement of the year end ...  >>MORE

ADSB lays keel of Baynunah class corvette

Posted on 08/07/2006

Abu Dhabi Ship Building (ADSB) laid on Wednesday the keel block for the 2nd ship of the 6 Ship Program. The first ship is under construction at ADSB's Strategic Partner's (CMN) Shipyard in France. The Keel Laying consists of placing the first construction block in position in the Vessel Assembly Hall. The first hull block weighs 66 Tonnes and is 23.7 Metres in Length, (the overall length of the vessel being 72 metres). This hull block contains machinery and engineering spaces for the vessels ...  >>MORE

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Quick List

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


Abu Dhabi Ship Building posts record financial results for 2009


ADSB records Dh1.16b revenue as orders rise


Drydocks World unit wins deal


ADSB sets sail in South Korea


Demand for ship repair services to pick up in UAE


Drydocks World - Dubai delivers 3-D seismic vessel Polarcus Nadia


Abu Dhabi MAR Group, ThyssenKrupp agree on long-term strategic partnership


BVT and Abu Dhabi Ship Building form Abu Dhabi naval support joint venture


Drydocks World-Dubai, BP Shipping renew partnership through Alliance Agreement


Abu Dhabi Shipbuilding plans naval joint venture


Abu Dhabi yacht-builder buys stakes in German boatyard


Drydocks World delivers two self-elevating platforms for wind farm installation


ADSB profit tumbles 62%


GEM takes delivery of Korean shipbuilder's first Panamax


Abu Dhabi-based Shipyard to offer world rivaling products


Major UAE Navy order for Abu Dhabi Ship Building


CNIA signs 460 million Dh contract with ADSB to build 34 interceptor boats


ADSB builds last Navy corvette


Dubai Maritime City unveils new eco-friendly facility for boat lift, cleaning and maintenance services


Drydocks World-Dubai wins British Safety Council Sword of Honour 2008


Bahrain lands craft contract for Abu Dhabi Ship Building


UAE's Topaz Energy secures $225m contract from BP in Azerbaijan


ADSB, Rolls-Royce sign agreement to provide waterjet support services in GCC


Drydocks World to build fifth yard in Southeast Asia


New ADSB and BVT joint venture to provide naval support services in Arabian Gulf


World’s largest mobile boat hoist assembled at Dubai Maritime City


GHQ awards ADSB Dh150m refits contract


Gulf Craft to launch new yacht models on Tuesday


ADSB gets contract to build boats for Coast Guard


Dubai boat show sees 30% growth


Drydocks World Dubai wins British Safety Council's Sword of Honour


Drydocks World group now poised to become a marine industry giant


Drydocks World Dubai wins British Safety Council's Sword of Honour for fourth successive year


Abu Dhabi Ship Building wins Bahrain contract


Dubai Drydocks wins US$175m contract from Singapore firm


Dubai Dry Docks extension marks a new era, says Mohammad


Luxury yachts to dazzle at boat show in Dubai


ADSB Delivers New Vessel to EDC


Abu Dhabi Ship Building reports Dh 6.3 million profits in Q2


ADSB lays keel of Baynunah class corvette