Marine Log

September 24, 2006

Daewoo to manage new Oman ship repair yard

The government of Oman has signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. Ltd. of Korea covering management and operation of Duqum Dry Dock yard project in the wilayat of A'Duqum, reports the official Oman News Agency.

The yard will be located at Ras A'Duqum on a 1,163,000 square meter site. The project includes construction of two docks and one floating dock to repair and maintain oil and gas tankers of 100,000 ton capacity.

Under the agreement, Daewoo will provide administrative and technical support plus transfer of modern ship repair and maintenance technology.

During its management of the project, the Korean company will prepare a work plan covering marketing the services of the A'Duqum yard to international shipping companies and the training and qualifications of Omani nationals working at the new yard.

Ahmed bin Abdul Nabi Macki, Minister of Finance and National Economy, deputy chairman of the Financial Affairs and Energy Resources Council, , said the Sultanate's government will invite a number of international firms for public tender. He said construction will commence in the 1st quarter of 2007. He said in designing of the new dock yard future expansion of the project and possibility of providing ship manufacturing services have been considered.