Shipyard to be Established in South Thailand

The Sun Daily (Malaysia)
Monday, November 05, 2012

YKP-FM Global Shipyard Co Ltd to develop a workboat repair & maintenance facility in Kantang, Trang Province, Thailand.

Freight Management Holdings Bhd (FMH) is buying a 25% stake in a Thai shipyard for RM2.5 million cash. The logistics group having earlier entered into an agreement with YKP-FM Global Shipyard Co Ltd for the proposed acquisition, reports 'The Sun Daily'.

The other shareholders in YKP-FM are Thai investors, with a combined stake of 70%, and another Malaysian investor who owns the remaining 5% stake.

YKP-FM's core business is the development and operation of a shipyard, which will focus on the repair and maintenance of vessels such as tugboats, barges and other types of boats.

YKP-FM has identified strategic land in Kantang, Trang Province, Thailand, which is suitable for the development of a ship-repair yard, and will construct a dedicated facility with a planned capacity to handle up to 10 vessels concurrently.

The port of Katang located in the the southern Thai province of Trang is on the western side of the Malay peninsular.  There are thought to be more than 5,000 tugboats and barges in the SE Asian region of which an estimated 1,500 ply the relatively nearby Straits of Malaccca.

Source: The Sun Daily

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

People & Company News

Russia May Allow More Firms to Offshore Oil

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.   "In general, the access can be extended," Novak told reporters in Moscow.

Garamendi Introduces Bipartisan GPS Backup Bill

Congressman John Garamendi (D-Fairfield, CA), the Ranking Member of the House Transportation and Infrastructure Subcommittee on the Coast Guard and Maritime Transportation,

Soo Locks Open for Great Lakes Shipping Season

At 12:01 a.m. on Wednesday, the U.S. Army Corps of Engineers officially opened the Soo Locks for the start of the 2015 Great Lakes shipping season.   The locks at Sault Ste.

Ship Repair & Conversion

3D Machining Puts Wind in the Sails

With ESPRIT CAM software, Armor Mécanique has the wind in its sails; 50% time savings, better quality and new markets thanks to 3D machining Established in 1984

Swedish Club Reports 'Healthy Growth'

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Workboats

Two ASD Tugs Delivered to URAG

URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the

Plans in Place to Test Intermodal River Transport

The Paducah-McCracken County Riverport Authority and Ingram Barge Company has announced plans to assess the viability of Intermodal River Transportation, utilizing

Boat of the Month: Moore Shallow Shuttle 23

Moore Boat LLC recently delivered the first of three all new aluminum Moore Shallow Shuttle 23 RIB’s to Seacrets, Jamaica USA after the vessel’s successful completion of various sea trials and the U.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.1896 sec (5 req/sec)