UAE group wins $128m Algerian port contract
Dubai, January 18, 2010
Grandweld, a UAE-based shipbuilding, ship repair and conversion specialist, said it has secured a major contract worth $128 million for the construction of three new salvage tugs for Sogeport-GICEP of Algeria.
Grandweld is a division of GMMOS Group, a leading provider of marine services to the offshore oil and gas industry backed by Abraaj Capital and Waha Capital.
Contracts have been signed with the ports of Algiers, Arzew and Skikda for the three vessels intended for sea search-and-rescue operations in co-operation with the Algerian Coast Guard.
'This contract for three 58m Salvage Tugs is yet another achievement for Grandweld and has helped us maintain a strong and healthy order book into 2012,' said Jamal Abki, general manager of Grandweld.
'International recognition, experience, quality of work and commitment for on-time delivery at Grandweld are some of the strengths that helped us win this contract,' he added.
The vessels will each be delivered during the time frame between 26 to 31 months, Abki said.
Powered by two 4,000kw diesel engines to achieve bollard pull of 130t, these vessels will be designed to meet unmanned machinery requirements with FIFI 2 and DP capabilities as per the requirements of the owners.
From its shipyard at Al Jadaf in Dubai, Grandweld has built a strong reputation for on-time delivery of high-quality offshore vessels within budget.-TradeArabia News Service