Tuesday 3 May 2016
 
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shipbuilding

Iran, South Korea in shipbuilding JV

Iran has finalised a deal with South Korea to launch a joint shipbuilding venture between the two countries, a report said. Iran has a sprawling shipbuilding industry, chiefly devoted to constructing oil tankers and container ship

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Grandweld signs new ship building contracts

Dubai-headquartered Grandweld Shipyards, a fully integrated shipyard providing shipbuilding, ship repair and engineering solutions, has signed four new contracts to design, build and deliver four 42 m crew boats for Global Marine.

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Asry’s $33m repair deal with KOTC on track

The chairman of Arab Shipbuilding and Repair Yard (Asry) visited the first ship being repaired under a $33 million agreement signed between the shipyard and Kuwait Oil Tanker Company (KOTC) to repair 19 vessels, a report said. &ld

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Topaz plans to raise $550m loan to fund expansion

Dubai-based Topaz Energy and Marine plans to raise $550 million in debt from banks in early 2015 to lower its borrowing costs and fund potential expansion at a time when the oil services market is softening, its chief executive said.

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Topaz plans to raise $550m loan to fund expansion

Dubai-based Topaz Energy and Marine plans to raise $550 million in debt from banks in early 2015 to lower its borrowing costs and fund potential expansion at a time when the oil services market is softening, its chief executive said.

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Major Asry project boosts investment

Bahrain's Arab Shipbuilding and Repair Yard (Asry) said a major initiative to boost in-yard technical resources has seen several global contractors invest in the company. Asry chief executive Nils Kristian Berge said "Pro

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Asry posts 4th year of revenue growth

Bahrain's Arab Shipbuilding and Repair Yard (Asry) has announced that 2013 was its fourth year of consecutive growth, and that the firm is now entering a period of consolidation. The revenues grew to $199 million, an increase

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Nakilat Damen starts building tugs for NSW

Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) said it has begun building two tugs from a seven-vessel order for marine services provider NakilatSvitzerWijsmuller (NSW). A joint venture between Nakilat and Dutch shipbuild

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Asry's offshore unit spurs revenue growth

The offshore division of Arab Shipbuilding and Repair Yard (Asry) contributed approximately 44 per cent of the firm’s income last year, registering its highest ever share of total revenues, the company’s CEO said. &quo

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Drydocks World tests new insolvency law

Dubai World's shipbuilding unit has filed for a special form of insolvency protection, two sources said, using a special tribunal to force holdout creditors to sign up to its $2.2 billion debt restructuring plan. The move by Drydo

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