Profits surge for Arabia's oldest marine yard

K s r Menon
Friday, February 03, 2006
>Jadaf Dubai, Arabian Gulf’s oldest ship repair and industrial marine yard has recorded a 35 per cent jump in revenues for the year 2005, compared to the corresponding period in 2004. The announcement comes close on the heels of a seven per cent increase in its ship lifting and repairing activities, owing to greater demand for its service and expertise.
The yard’s two docks repaired and carried out maintenance of a total of 2347 ships during 2005, with 166 more ships being docked, undocked and re-docked as compared to the 2181 vessels it catered to during 2004.The excellent revenues were posted in part due to the increase in surcharge for berthing in-out and block arrangement, cleaning services, docking and undocking charges, wharfage charges and bank interest earned on monies. Contributions by Jadaf Dubai posted an actual increase of 22 per cent on year to date for 2005
Commenting on figures, Hamed Mohammed Bin Lahej, General Manager, Jadaf Dubai said: “We are pleased with increase in revenues which has fallen in line with the increase in our performance for 2005 as compared to the previous year. The rising demand for our expertise in ship docking and undocking has directly led to the results greatly improving our performance for another consecutive year.”
“In addition, we have also invested heavily in improving our operational outlays. By increasing expenditure for staff training and facilities and equipment management we are reinforcing our commitment to upgrading our procedures and expertise. By investing in the present we hope to cap our future operational costs while providing precision and expertise for smooth and efficient services,” he added.
Since its establishment in 1979, Jadaf Dubai has emerged as the preferred dock for prominent fleet operators such as Seabulk International, Amasco, Al Jaber, Stanford Marine, Gulf Agency, Inchcape, NMS and Inter Marine, besides attracting customers from South Asian, African and European countries. Jadaf Dubai serves various kinds of sea-faring vessels including yachts, passenger ships and oil tankers, in partnership with 275 companies operating within the yard and another 150 companies dealing with the yard externally.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Permanent On-site Collision Damage Repair in Greece

In July Hydrex mobilized a team of diver/technicians to Syros, Greece, for a complex repair operation on a 118-meter, 8550 DWT chemical tanker. The vessel had suffered

Pipeline Corrosion Shutters Statoil's Troll C Platform

Norway's Statoil shut oil and gas production at its Troll C platform in the North Sea after inspections found corrosion damage on a pipeline, the company said in

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Tanker Trends

Traders Store Crude for Profit as Contango Takes Hold

Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multimillion dollar bonanza they reaped in 2008-2009.

Permanent On-site Collision Damage Repair in Greece

In July Hydrex mobilized a team of diver/technicians to Syros, Greece, for a complex repair operation on a 118-meter, 8550 DWT chemical tanker. The vessel had suffered

Reliance to Source Ethane from US

India's Reliance Industries Ltd said it will source 1.5 million metric tons of ethane a year from the United States as feedstock for its crackers in India. The

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1552 sec (6 req/sec)