Pact Signed for Drydock Project

Monday, September 25, 2006
Ahmed bin Abdulnabi Macki, minister of finance and national economy and deputy chairman of the Financial Affairs and Energy Resources Council, signed on behalf of the Sultanate's government while Nam San-tae, Daewoo chief executive officer and president, signed on behalf of his company.

As per the 10-year agreement, Daewoo Shipbuilding and Marine Engineering Co. Ltd, will provide administrative and technical support, transfer of modern technology used for ship repairing and maintenance of the dockyard project in Duqum. During its management of the project, the Korean company will prepare a work plan on marketing the services of the dry dock yard in Duqum to various international shipping companies, training and qualifications of Omani national cadres working in various professions of speciality at the ship repairing and maintenance of dry dockyard in the wilayat of Duqum. Macki said the dry dockyard project is one of the important strategic projects that may contribute to a new financial source of income in the Sultanate. In a statement to ONA, Macki said the project's feasibility study reflects the significance of the project's location in serving international shipping, considering Duqum ports proximity to the busy regional sea-lanes traversing Oman's coastal waters.

Macki said the Sultanate's government would invite a number of international firms for public tender. He said construction of the ship Dry Dock project would commence in the first quarter of 2007. He said in designing of the new Dockyard, future expansion of the project and possibility of providing ship-manufacturing services had been considered. The project is located at Ras A'duqum. It comprises construction of two docks and one floating dock to repair and maintain oil and gas tankers of 100,000-tonne capacity. For this purpose, the government recently established a company called Oman Dry Dock Company. Daewoo Shipbuilding and Marine Engineering Co. Ltd. had prepared the detailed study and engineering designing of the project's implementation stages. Daewoo is the second company in the world in ship-building, repair and maintenance. Source: Times of Oman

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

There’s Still Time for SHIPPINGInsight Award Entries

Entry submissions for the first SHIPPINGInsight Award are due Friday, Aug. 1, but organizers said they will continue to accept nominations through following week to provide some extra time.

Rio Tinto Pulls Plug on Mozambique Coal Venture

Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending

MOL Ship Management Earns Energy/Enviromental Certifications

First company to receive ISO50001 certification from Nihon Kaiji Kyokai.   MOL Ship Management Co., Ltd. (MOLSHIP), a core ship management company in the corporate group headed by Mitsui O.

Contracts

New AVEVA ISM Bridges the Gap

AVEVA launches a new application for governing asset information using a standards-based methodology. AVEVA announced the launch of AVEVA Information Standards Manager (AVEVA ISM),

General Dynamics gets $25 mi GPS Contract from Lockheed Martin

General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $25.4 million full-production contract from Lockheed Martin to support the U.

Globecomm to Provide VSAT for PBJV Barge

Purpose-built accommodation and pipe-lay barge on charter to Petronas equipped with VSAT and L-Band services. Globecomm Maritime has been awarded a contract

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1264 sec (8 req/sec)