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April 19, 2010

More dry docks needed in GCC region?

Gulf Cooperation Council (GCC) states -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates -- play a critical role in the distribution of oil and other internationally shipped products. With oil prices rising in expectation of increasing demand, there has been a sharp increase in tankers, ships and vessels serving the GCC region.

Hong Kong based Albatross Drydocking Consultants says these factors have contributed to an increased need for new dry docks with the ability to offer high quality ship repair services throughout the region.

The firm, which has clients in both the United States and Asia, is conducting market research within the GCC through its regional office in Bahrain. This research is focused on ascertaining possible drydocking opportunities throughout the GCC region.

Feasibility studies are being conducted on behalf of various American and Asian companies interested in penetrating and investing in the emerging GCC drydocking market.

Albatross describes itself as "a group of experienced superintendents" with "a vast knowledge of the local marine market to provide clients with efficient drydocking and vessel repair services." It maintains a large database of local workshops and suppliers and a database of tariffs for each and every task being carried out in the dry docks.

It says that while the increased presence of oil shipments will be a major focus of drydocking services, increased international shipping and trade vessels in the region provide more opportunities for drydocking and ship repair services.


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