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Marine Log

March 24, 2008

Dry Docks World names CEO for South East Asia

Dry Docks World has appointed Denis Welch CEO of Drydocks World South East Asia and will be based in its Singapore Office.

The Dry Docks World South East Asian group now encompasses the former Pan United Maritime ship repair and ship building facilities in Singapore and Indonesia, and the former Labroy shipbuilding and rig building yards in Batam. Work is also underway on Batam Maritime Centre, a large repair and shipbuilding facility, which will be established on a 175 hectare plot on the island of Batam. Discussions are also currently ongoing on a JV to operate a yard in China.

Mr. Welch will oversee the expansion of Drydocks World operations in the region.

Mr Welch currently heads-up Intelligent Engineering's 'SPS Overlay' ship repair business, which under his leadership has become an international operation and an established alternative to conventional steel reinstatement methods.

Drydocks World CEO Geoff Taylor commented that Mr Welch's considerable management experience will be invaluable in realizing the group's plans to expand its offshore, shipbuilding, repair and conversion capacity world-wide, offering a greater choice of locations and options to its customers.

Drydocks World, which began a rapid expansion program in mid 2007, now has a broad portfolio of facilities that include its mega facility in Dubai; comprising Dubai Drydocks and Jadaf Shipyard--which is in the process of relocating to a new facility within Dubai Maritime City. In addition Platinum yachts, Platinum Yacht Management and Palm Marine focus on the luxury mega yacht and leisure sectors.

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