Independent journal on economy and transport policy
13:01 GMT+1
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Drydocks agreement World - Kuok in order to create a ship yard leader in the region of the Asian south-east
The plant will have center to Singapore
July 4, 2012
The yard of construction and naval repair Drydocks World of Dubay has tightened a preliminary agreement with the Kuok group of Singapore in order to constitute joint venture between the Drydocks World - Southeast Asia (DDW-SEA), branch of the Middle Eastern group, and the Pacific Carriers Limited, branch of the Asian group, with the objective to create a ship yard leader in the region of the Asian south-east.
Currently DDW-SEA work four ship yards in the Asian south-east: the Tuas plant to Singapore and the Graha yards, situated Nanindah and Pertama to Batam, in Indonesia. Moreover DDW-SEA has a constituted fleet gives beyond 130 ships. In its turn Pacific Carriers Limited has a fleet formed from 91 to rinfusiere (of which 22 in order) and from some product tanker and ships support and has also two ship yards in China.
Joint venture will be called DDW-PaxOcean Asia Pte Ltd and will have center and navalmeccanico plant to Singapore. According to the forecasts, the agreement will be formalized in the third trimester of this year.
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