The UAE-based Gulf Craft, one of the top 10 manufacturers of superyachts globally, plans to invest $100 million in developing a state-of-the-art shipyard to manufacture high-end luxury yachts at the Dubai Maritime City (DMC).
The Damen Shipyards Sharjah (DSS), a joing venture between the Damen Shipyards Group and Albwardy Marine Engineering, was recently opened for business.
The core activities at DSS will continue along the course of Damen new-builds
Dutch-based Damen Shipyards Group has launched the construction phase of 14 Damen ASD tugs for Kuwait Oil Company (KOC), with deliveries scheduled from 2014 onwards.
The series consist of two types, being 9 tugs of Damen’s r
Drydocks World, a leader in ship repair, conversion and new building announced, has delivered a self elevating platform to India-based Afcons Infrastructure. The platform was built at Drydocks World – Dubai shipyard.
The self elevating pla
Arab Shipbuilding and Repair Yard (Asry) said it is playing a key role in the security of the kingdom with the fast-track construction of four accommodation barges for Bahrain's Coastguard.
The company beat off intense competition from
The Arab Shipbuilding and Repair Yard (Asry) showcased its experience and promoted its two 255-metre-long slipways at the 'Middle East Workboats 2011' exhibition held recently in Abu Dhabi.
The expo is considered the most prominent
Greece has approved Abu Dhabi Mar's (ADM) offer for a 75 per cent stake in ThyssenKrupp-owned Hellenic Shipyards (HSY), the largest shipyard in the Mediterranean.
'The new joint scheme will be led by ADM which will h
Poland said Qatar was considering to buy the country's two troubled shipyards after an investor linked to Qatari investment bank QInvest failed to complete the politically sensitive acquisition.
Poland's Treasury Ministry had announced ear
Poland said on Tuesday it had failed to receive payment for two loss-making shipyards by a midnight Monday deadline, potentially scuppering their sale.
In July, Poland agreed to sell the Szczecin and Gdynia shipyards to an investor backed
The Polish government named on Wednesday QInvest, Qatar's largest investment bank, as the buyer of two state-owned shipyards which had faced bankruptcy.
The government held tenders in May in its search for an investor to save the Szcze