Drydocks World Commits to Joint Venture

Press Release
Thursday, July 05, 2012

Drydocks World has entered into a strategic alliance with Kuok Group to form a Drydocks World – SEA & Pacific Carriers J/V

The new venture will subsequently be renamed DDW-PaxOcean Asia Pte Ltd and will continue to have its headquarters in Singapore. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, will also serve as the Chairman of the Board of DDW-PaxOcean Asia. 

Mr. Buamim said, “We are committed to this partnership with Kuok and its subsidiaries, which has a long-standing reputation in the shipping industry. Our clients can now benefit from the combined strengths of both our organisations and a broadened global reach within the maritime industry. It is indeed a historic agreement that is totally aligned with our strategic direction and the potential for future business growth is huge.”  

All parties will work together to grow DDW-PaxOcean Asia into a leading yard in the region.  

The two partners will also collaborate on cross-promotional activities and other strategic initiatives within the offshore and marine industry.

DDW-SEA currently operates four shipyards in Southeast Asia - the Tuas shipyard in Singapore, and the Graha, Nanindah and Pertama shipyards located in Batam, Indonesia. Activities at the shipyards include offshore, shipbuilding, repair and conversion. In addition, DDW-SEA also has a shipping fleet of over 130 vessels.
   
 

 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

3Si Group Launches Offshore Division

3Si Group, whose global portfolio of marine safety products and services covers commercial, leisure and military markets, has announced the formation of 3Si Offshore,

Canadian Frigates Get a Radar Upgrade

German navigation system manufacturer Raytheon Anschütz has completed factory acceptance tests and delivery of 12 sets of navigation radars for the Canadian Navy’s Halifax-class frigates.

ISS Appoints Holmes as VP, Cruise Solutions

Inchcape Shipping Services (ISS) said it is embarking on a plan to develop its cruise business with the appointment of Grant Holmes as Vice President, Cruise Solutions.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair
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: 0.1374 sec (7 req/sec)