Malta Drydocks Re-Organized

Malta’s government must feel (rightfully so) that an $87 million bailout give it management entitlement of beleaguered Malta Drydocks. The government is reorganizing the management of Malta Drydocks in an attempt to revitalize a scant (estimated) one percent of ship repair work in the Mediterranean. Apart from restructuring management, the new business plan would introduce new work practices to increase productivity and beef up marketing, he said. The plan calls for the yard to work closely with Malta Shipbuilding, and share the same chairman.