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

People & Company News

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

ISS Manages Heavy-lift Project at Port of Mombasa

Inchcape Shipping Services (ISS) announced it has completed another complex heavy-lift project in Africa, this time at the Port of Mombasa in Kenya. ISS was

Ship Repair & Conversion

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,

Mitsubishi Super Skiving System

Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Mitsubishi Super Skiving System" for machining internal gears with high speed and outstanding precision.

Messer to Debut MetalMaster Xcel

Messer Cutting Systems said it has answered the call from manufacturers that have been demanding a faster, more accurate way of producing cut parts. Messer’s

Workboats

Zamakona Delivers Second Vessel to Jadran

On October 18, Zamakona Yards celebrated in Getxo, Bizkaia the delivery of tuna freezer vessel Ljubica to the owner group Jadran based in Ecuador and Panamá. The

Smith Brothers Chrtisten New Tug

Smith Brothers, Inc., Chesapeake Bay-based barge and marine equipment charter company, recently added the tug Capt. Kenneth to its fleet of inland and truckable tugs.

KOTUG’s Hybrid Rotortug Arrives in Rotterdam

RT Evolution, KOTUG’s new hybrid Rotortug, has arrived in the Port of Rotterdam on Saturday, Oct. 18. In the coming weeks, Damen Shipyards Group will complete

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators 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: 0.1385 sec (7 req/sec)