التاريخ : 19
Drydocks World aims
major expansion in South-East Asia
Dubai, UAE, 19th
October, 2008 (ME
NewsWire) - H.E.
Sultan Ahmed Bin Sulayem, Chairman of
Dubai World, one of the largest holding companies in the
world, visited on Friday (Oct.17) the Nanindah and Graha
shipyards at Batam in Indonesia, and Singapore, which are
Drydocks World SE Asia, the recent addition to Drydocks
World, the group’s global ship building, repair and
The visit was part of an
inspection and review tour to evaluate the progress achieved
by these shipyards and to study the prospects of expanding
Drydocks World SE Asia’s operations in the region. Mr. Bin
Sulayem was accompanied by senior officials of Drydocks
World as well as a team of journalists from the UAE.
Mr. Bin Sulayem
expressed happiness that the shipyards in the region marked
considerable success in operations in a short period of time
since the group acquired them in 2007.
"These acquisitions in
South-East Asia have enabled us to reach out to our
customers in the region. We concentrate on regions with the
biggest potential for growth and expand our business in
areas where our customers need us. They are happy with the
quality of services we provide," he told the accompanying
“More than one year has
passed since the acquisition of these ship yards, and I am
pleased to see that our achievements in this short time have
been impressive. Our yards are now completely booked for the
next two years and we achieved revenue of US$1.5 billion in
one year. Our shipyards now have the capacity to build a
wide range of vessels and oil rigs " Mr. Bin Sulayem added.
Speaking about the
Geoff Taylor, CEO Drydocks World, who accompanied Mr.
Bin Sulayem on the inspection tour, said: "This is only the
beginning of Drydocks World’s international operations. Our
next step is China. We are all set to acquire a 60 per cent
stakes in a moderately sized shipyard in China and have
plans for projects in Vietnam, Thailand and India. We are
considering Latin America too. It is not a challenge to
compete within your own region; the real challenge is to go
World – SE Asia was formed in March 2008 to manage the
shipyards Drydocks World acquired in Asia, primarily in
Singapore and Batam Island in Indonesia, which is 20
kilometres south of Singapore. It now operates four yards
acquired after signing deals to buy Pan-United Marine and
Labroy Marine in July 2007. These
shipyards are engaged in ship and rig
building, conversion and ship repair supported by 29
building berths, 8 floating docks up to Panamax size and
several kilometers of repair quays.
The operations, which
collectively employ a workforce of around 20,000 people, are
strategically located at the centre of some of the busiest
seaways in the world and close to rapidly expanding offshore
oil and gas developments.
About Drydocks World
Dubai Drydocks World is a Dubai World entity,
and is the holding company for Dubai Drydocks, Al Jadaf
Shipyard and Pan United Marine Limited (“PUM”). It also
manages Platinum Yachts FZCO and Platinum Yacht Managements
LLC, owned by sister Dubai World company Nakheel.
Bringing together some of the most dynamic
companies engaged complementary areas of expertise, Dubai
Drydocks World is an acknowledged global brand in the world
wide ship repair, conversion, and new building market.
Its flagship company, Dubai Drydocks, has
been operating since 1983, and has grown from humble
beginnings to a world leader in the ship repair and
conversion business. Al Jadaf Shipyard has been operating
since the late 1970s and provides an invaluable service
within the Middle East region to smaller vessel owners.
Dubai Drydocks World’s latest acquisition is
Singapore-based PUM, an established shipyard with facilities
in both Singapore and Batam, Indonesia.
About Dubai World
Dubai World is Dubai's
global investment flag bearer focusing on five strategic
growth areas: Transport & Logistics, Drydocks & Maritime,
Urban Development, Investment & Financial Services, and
Energy & Natural Resources.
Its portfolio comprises
some of the world’s best known companies, including DP
World, Drydocks World & Dubai Maritime City, Economic Zones
World, Nakheel, Leisurecorp, and Istithmar World.
Dubai World’s strategy
is driven by a combination of pragmatic acquisitions and
prudent investments and its corporate philosophy is based on
strong fundamentals, best ethical practices and integrity.