South-east Asia, which has seen new orders drying up, capped off a difficult year by focusing on the orders it has on hand and pushed out seven deliveries in December.
South-east Asia, which has seen new orders drying up, capped off a difficult year by focusing on the orders it has on hand and pushed out seven deliveries in December. The deliveries for domestic and international owners include three offshore maintenance vessels for Abu Dhabi National Oil Company unit Esnaad, two anchor handling tugs (AHT) for Greatship (India) and Swire Pacific Offshore Operations respectively and a livestock carrier for Siba Ships built by the Drydocks World - Nanindah yard in Batam.
The final vessel to be delivered last year is another AHT built for Bumi Armada Navigation at the Pertama yard, another of Drydocks World's three yards in Batam.
The vessels were all from multi- ship orders and represented owners based in Abu Dhabi, India, Singapore, Malaysia and Italy, Drydocks World said.
The market for anchor handling tugs is highly competitive and some builders have seen order cancellations and clients running out of funds.
Meanwhile others that have been building vessels speculatively have run into problems as liquidity dried up.
The company itself had a momentary blip when it came to light that parent Dubai World was going through financial problems. Dubai World however clarified that Drydocks World would be excluded from the restructuring process.
Drydocks World has previously delivered a series of five anchor handlers to Esnaad and its Graha yard has been consistently churning out jackup drilling rigs for various clients.
Drydocks World South-east Asia CEO Denis Welch paid tribute to staff in the Batam yards for their efforts in having achieved a record level of deliveries during December and thanked the customers for their repeat business.
He also highlighted the international flavour of business undertaken by Drydocks World South-east Asia's shipyards in the region which represents a challenge in promoting the company's capabilities worldwide.