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

NORDEN Publishes CSR Report

Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report 2014. Entitled, “On track”, the CSR report presents an overview of NORDEN’s CSR strategy,

LISCR Appoints New Managing Director for Hong Kong

The Liberian Registry has appointed shipping executive Gerry Buchanan as managing director of its dedicated Hong Kong office, the registry announced today.      As

Wheelabrator Opens Ontario Location

Surface preparation company Wheelabrator Group (Canada) Ltd. celebrated its grand opening with a ribbon cutting ceremony and luncheon after moving to a new location and office complex in Burlington,

Ship Repair & Conversion

Fire Aboard US Navy Ship

A fire broke out aboard a U.S. Navy amphibious dock landing ship USS Gunston Hall (LSD 44) at approximately 2 p.m. yesterday while the ship was undergoing maintenance

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

Shipping Contributes $164bln to EU

The European Community Shipowners' Associations has released the results of a recent update of an Oxford Economics study on the economic value of the EU shipping

Workboats

VT Halter Launches ATB Tug for Bouchard

VT Halter Marine launched ATB tug Kim M. Bouchard for Bouchard Transportation at Moss Point Marine facility on February 26, 2015. Measuring 150 feet long, the 10,

Mariner Medevaced in Alaska

An ailing mariner was medevaced from a fishing vessel in Beaver Inlet, approximately 13 miles southeast of Dutch Harbor, Sunday, the U.S. Coast Guard reported.   The

Editorial: Gettin’ Crabby with Deadliest Catch

As February is our traditional cruise shipping edition, naturally we’ve selected a fishing boat and two crabs for the cover. But as many of you may already know,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1544 sec (6 req/sec)