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Wednesday, December 6, 2023

AD Ports enters drydock and repair market with new joint venture


AD Ports Group, a leading facilitator of global trade, logistics and industry, says it has joined forces with UAE-based Premier Marine Engineering Services, a company specializing in shipbuilding and repair for the marine and offshore industries, in a new joint venture, Safeen Drydocks .

The joint venture, Safeen Drydocks, 51% owned by AD Ports Group, will provide a wide range of services in the region, including drydocking, offshore repair, shipbuilding and refurbishment.

Safeen Drydocks’ operations center will be located in Khalifa Port and include a 45,000-square-meter shipyard and repair facility, a 350-meter quay wall for offshore repair of ships, and a floating drydock for ship maintenance and refurbishment.

The floating drydock is expected to start operations in July, while the shipyard has already started building two barges for UAE customers.

Once fully operational, the hub will be operated by Safeen Drydocks and will be fully equipped to accommodate a variety of vessel types including tankers, bulk carriers, container ships, offshore vessels and jack-up rigs.

Through the new joint venture, AD Ports Group will leverage its reputation and experience as one of the world’s leading maritime logistics, industry and trade facilitators, and provide terminal space at Khalifa Port for the development and operation of a new service center .

Premier Marine will contribute its technical knowledge and experience to help customers build, repair and maintain ships and other marine assets in an environmentally sustainable manner.

These two entities will not only serve the needs of the Safeen Group’s marine fleet, but also the needs of a wider regional and international client base in the shipping and offshore marine sectors.

Commenting on the new joint venture, Captain Ammar Mubarak Al Shaiba, acting CEO of Maritime Cluster and Safeen Group, said: “This is a milestone development for Safeen Group as it significantly broadens our scope of services and the area we serve in the maritime industry Ability.”

“We look forward to working closely with our partners in Premier Marine, combining our global reach with their strong track record spanning decades, to develop what we envision as regional and global hubs and centers of excellence for marine vessel construction, repair and excellence. maintenance,” he added.

Hemant Tandon, Managing Director of Premier Marine Engineering Services, said: “We are extremely honored to be working with AD Ports Group during this exciting time to build a customer-focused marine hub at Khalifa Port.”

He added: “This joint venture marks a new beginning for us, and through our partnerships, our team of highly skilled specialists and the strong expertise offered by the Group, we aim to achieve great success in the shipbuilding industry.”trade arab news agency


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