Ddw News

Akastor's subsidiary DDW Offshore has secured a contract extension with Petrofac for its AHTS vessel that will be put on the Northern Endeavour FPSO disconnection job offshore Australia.The contract extension follows the original one-year contract Petrofac signed with DDW Offshore for the AHTS vessel Skandi Atlantic back in September 2022.Petrofac has now awarded DDW Offshore a 9-month extension of the existing contract in Australia whereby Skandi Emerald will replace Skandi Atlantic in March 2024.The contract will last until year-end 2024, DDW Offshore informed.Skandi Emerald will continue to

Brazilian offshore support vessel service company OceanPact has acquired two AHTS vessels, Skandi Saigon and Skandi Pacific, from Akastor's subsidiary DDW Offshore.OceanPact chartered the two vessels in March 2021 to support Petrobras' operations, with OceanPact having a purchase obligation at the end of the bareboat term."Following the expiry of the charter period, both vessels are now sold to OceanPact for the agreed cash payment of USD 18 million for both vessels, of which…

In the 45 years since the Arab Shipbuilding & Repair Yard (ASRY) opened on reclaimed land in Bahrain, the Middle East has become one of the world’s ship repair hotspots. A broad range of shipyards now service both regional and global markets.Regional yards have a ready market, with hundreds of offshore rigs working across the region together with the service ships that support them. Then there are thousands of tankers and gas carriers that arrive each year to load energy cargoes for far-flung destinations.

Akastor's subsidiary DDW Offshore has won a one-year contract with Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO "Northern Endeavour" together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea. The contract start date is September 27th, 2022.The Australian Government earlier this year awarded London-listed oilfield services giant Petrofac a contract for Phase 1 of the decommissioning of the Northern Endeavour FPSO, offshore W.

Norwegian offshore vessel owner DDW Offshore, a subsidiary of Akastor, has entered into bareboat charter and future sale agreements for two of its AHTS vessels with the Brazilian subsea services company OceanPact.Under the charter, DDW Offshore - formerly known as DOF Deepwater,  will supply two AHTS vessels Skandi Saigon and Skandi Pacific for a period of 26 months. As part of the agreements, Akarstor said that a forward sale of the vessels has also been agreed. Under this deal, OceanPact will buy the vessels at the end of the charter period.

Dutch company SBM Offshore has announced the sailaway of the last two modules for the Turret Mooring System built for Equinor's Johan Castberg FPSO which will, once completed, be deployed in the Barents Sea, offshore Norway.The modules will be shipped to Singapore aboard a heavy-transportation vessel. Once in Singapore, the modules will be integrated into the hull of Equinor’s Johan Castberg FPSO. Commenting on the completion of the construction phase of the turret mooring system…

Aiming to provide faster repair service in the Middle East to ship operators whose vessels have sustained propeller damage, Stone Marine Shipcare has signed a Service Agency Agreement with Dubai Drydock World which sees one of the companies’ mobile workshops permanently based there. The workshop will be used, not just at Drydock Worlds’ own facilities, but can be quickly transported to other Middle Eastern shipyards, wherever a ship is in need of repair or maintenance to its propeller.

Thordon Bearings and Drydocks World-Dubai (DDW-D) have signed an agreement under which the UAE-based shipyard will work together with Thordon Bearings Inc. to promote the conversion of ships’ oil lubricated propeller shafts to Thordon’s COMPAC open seawater lubricated bearing system. The agreement will create an action plan in which a specialist team, comprised of Drydocks World-Dubai and Thordon Bearings’ personnel, offer support to ship managers and owners looking to ensure…

Khamis Juma Buamim, Chairman Drydocks World & Maritime world has been recognized by Tanker Shipping & Trade as being among the top 50 most influential people in the tanker industry worldwide & is one of only 4 Chairmen globally to be so recognized. The publications annual survey profiles 50 of the sectors most influential leaders whose range of achievements is broad, covering most, if not all facets of the industry. What is not in doubt is that all those profiled represent outstanding examples of leadership, especially given their achievements against the backdrop of some of the most challenging trading conditions in a generation. The list represents leaders from 21 countries representing all of the continents & includes 4 women.

Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG). This will be the first harbour tug in the Middle East region to operate on gas. The order was signed in November. The 29-meter-long tug is the first of a series of nine such vessels to be built and operated by DDW. The project is part of a green initiative launched by the Dubai government, and is intended to set an example for promoting environmental sustainability throughout the region. "We are happy to work with Wärtsilä to promote a green image for our harbour work. Wärtsilä is a solution provider with vast experience and expertise in gas fuel systems.

Drydocks World & Dubai Maritime City, the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors, announced its participation in Posidonia from June 2-6, 2014, at Metropolitan Expo, Athens, Greece. The exhibition is one of the largest industry shows in Europe.Drydocks World & Maritime World has been a regular participant at the exhibition as it provides an unique access to Greek and international ship owners and buyers. According to His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World, “We are really pleased to be back once again at Posidonia, an event that takes place every two years in which we participate on a very regular basis.

Drydocks World and Dubai Maritime City (DMC), the leading provider of services to the shipping, maritime, oil, gas & energy sector is supporting the "Green Economy for Sustainable Development" initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai. As part of this initiative, the company has entered into Memoranda of Understanding with Wartsila and Dubai Carbon Centre of Excellence for building the world’s first LNG powered harbor tug. The project launched under the trade mark “Elemarateyah” is part of the Dubai Maritime Green Initiative, a strategic movement to encourage all-round environmental excellence in maritime and allied sectors including oil, gas and energy.

Drydocks World (DDW) informs it has been recognized with the “Best International Enterprise” award at the 2014 Socrates Awards. In addition His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World was named “Best Manager of the Year” at the same award ceremony organized and presented by the International Socrates Committee of the Europe Business Assembly. The Awards were presented at a gala ceremony, 'Achievements – 2014', held at the Institute of Directors UK. In attendance were Sheikh Mohammed bin Maktoum bin Rashid Al Maktoum, First Secretary of the Embassy of the United Arab Emirates to London together with prominent international leaders from a number of fields.

Drydocks World, international service provider to the maritime, oil and gas and energy sectors, signed an Agreement with Drill One Capital for building the “Dubai Expo 2020 NS” mega jack-up rig. Gusto MSC, a major partner in the project, designed the CJ 80 rig and the rig will be the first of this design to be built and will be the largest jack-up rig ever built. Designed to be operated in harsh environments including the Norwegian Sector of the North Sea at a maximum water-depth of 175 meter with 25 meter air-gap…

Chairman of Drydocks World and Maritime World Dubai, His Excellency Khamis Juma Buamim has accepted an invitation to chair the DNV Offshore Technical Committee. H.E. Buamim discussed with Mr. Henrik O. Madsen, DNV GL Group President & CEO, the ongoing business and the existing cooperation between the two groups and ways to strengthen them. The meeting (which included Uwe Bullwinkel, Senior Vice President & Regional Manager India & Middle East, DNV GL Maritime and Mr. Omar Abu Omar - Area Manager…

Khamis Juma Buamim, Chairman of Drydocks World & Maritime World, the international service provider to the maritime and oil and gas sectors, visited Jadaf shipyard, one of the oldest such yards in the region addressing the repair and maintenance of small to midsize vessels. The visit to the shipbuilding and repair yard Jadaf Dubai, the oldest facility in the Gulf region, was aimed at inspecting the facility, services and competency at repair and maintenance of ships, yachts and cruise ships and small and medium-sized tugs operating in the Dubai Creek.

Dubai Maritime City signed an MOU with Shell to explore the diverse business options related to promoting alternative sources of energy such as Liquefied Natural Gas (LNG). The primary focus would be on exploring opportunities that would enable the adoption of LNG as a fuel in markets including marine transportation, road transportation, power and industries in the United Arab Emirates (UAE) and the wider Middle East, North Africa and South Asia (MENASA) region. The team from Shell including Mr Roger Bounds…

Dubai's Drydocks World & Maritime World chairman in discussions with DNV group CEO on mutual opportinities in shipping. Chairman H.E. Khamis Juma Buamim held discussions with DNV Group Chief Executive Officer, Henrik O. Madsen at DNV headquarter in Oslo, Norway. The discussions revolved around next-generation shipping, DNV’s expansion in Dubai and the region, new business platforms in Africa, emerging issues and avenues of possible co-operation at the international level. Drydocks World is spearheading industry initiatives such as the ‘Dubai Maritime Green Initiative…

During the past two years Drydocks World (DDW) has suffered from the restraints of a financial problem following the purchase of one shipyard in Singapore and one on the Indonesian island of Batam (both former Pan United shipyards) and two more on Batam (both former Leroy shipyards). This debt has now been restructured and the management of those yards has been taken over by China’s Paxocean, thus leaving DDW is a much better state and looking forward to a better future. The main yard of DDW is Drydocks World – Dubai (DDW-D)…

Drydocks World & Maritime World's initiative aims to encourage all-round environmental excellence in maritme & allied sectors. The initiative was inaugurated in the presence of key decision-makers from government and industry, underlined by a MoU for green technology signed with classification society DNV and Rolls-Royce. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World said: “We are at the threshold of a new era in environment management for maritime sustainable development. "We seek to develop this network within the region and around the world as our primary focus.

Drydocks World received H.E. Cheong Ming Foong, the Consul General of Singapore along with Khalil A. Bakar, Center Director Middle East of Singapore Economic Development Board. Khamis Juma Buamim, Chairman and Dr. Markus Voege, VP – Operation and Production of Drydocks World and Maritime World, welcomed H.E. Cheong Ming Foong and Mr. Bakar to the Maritime Business Center at Dubai Maritime City for discussions on economic developments, renewal of agreements of understanding in the marine and maritime specialties…

Drydocks World and Maritime World threw their combined weight behind the Emirate’s bid to host the World Expo in 2020 while also discussing matters of mutual cooperation with Italian industry leaders . His Excellency Khamis Juma Buamim, Chairman, Drydocks World & Maritime World who was in Italy to address participants at the Mare Forum, met with Mr. Paolo D’Amico Chairman of the Italian Ship Owners Association, Dr. Enrico Maria Pujia Director General of the Maritime and Inland Waterways Transport, Commander Alberto Gauxolino of the Italian Navy and other high level dignitaries representing the Italian Transport Ministry and the Italian Navy.

Drydocks World LLC (DDW LLC) & Pacific Carriers Limited (PCL) a fully owned subsidiary of the Kuok (Singapore) Limited Group has announced that they have entered into a Shareholders Agreement in respect of the Drydocks World-Southeast Asia Pte. Limited (DDW SEA) Group. Under this agreement which was signed on September 26th 2012, PCL acquired & subscribed to 67% of the shareholding of DDW SEA. DDW SEA had recently completed a debt restructuring scheme in Singapore resulting in DDW SEA being a debt free company. DDW SEA will be renamed as DDW-PaxOcean Asia Pte Ltd (DDW-PaxOcean).