ABG Shipyard Plans to Buy Ship Repair Units

Tuesday, February 07, 2006
In its bid to cater to the international ship repair demand, private sector shipyard ABG Shipyard is planning to acquire ship repair units in the key shipping routes’ network, including Singapore and China. ABG Shipyard has already acquired a ship repair unit at Fujairah, UAE, for an undiscosed amount. The company is planning to develop Fujairah as a ship repair hub in a phased manner. The company has recently acquired a Canadian shipbuilding equipment facility for $ 5.6 million. Meanwhile, Gujarat Maritime Board and According to shipping industry analysts, a vessel with 1,2000 DWT would cost $40 million to $50 million. At present, the company has an order book of Rs 1,700 crore. Earlier, ABG Shipyard won a contract of construction of two 18,000 DWT geared bulk carriers from Finland-based ESL Shipping OY worth $61.6 million and contract for constructing three anchor-handling tug vessels for offshore applications worth $29.7 million from Cyprus-based Lamnalco. Source: P R Sanjai

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

SAFE Boats Delivers First CIV for Air and Marine Operations

SAFE Boats International (SBI), a manufacturer of aluminum boats located in Bremerton, Wash., has completed the first Coastal Interceptor Vessel (CIV) on contract from U.

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

Offshore

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0711 sec (14 req/sec)