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    Drydocks World confirms details of Tidewater deal

    Yard News // October 22, 2010

    Drydocks World has confirmed that it has won a US$ 100.4 million contract to build four PSVs with option for four more units for Tidewater Marine, a wholly-owned subsidiary of Tidewater Inc.

    The vessels will be built at DDW-Nanindah shipyard at Batam in Indonesia and the first unit is targetted for delivery in 18 months time, followed by the rest every two months.

    Each PSV will be constructed to Rolls Royce Marine’s design, UT755CDL and have diesel-electric propulsion. The vessels will be 81.55m with a cargo deck measuring 670m2.

    Khamis Juma Buamim, Chairman, Drydocks World & Maritime World, said: “We are confident and despite the global down turn we are modifying and managing change with clear vision, we do believe  that our new horizon will ensure and enhance the sustainability cycle of our business."

    "This contract is recognition of Drydocks World’s capabilities as a resilient shipbuilder and the international maritime industry’s vote of confidence in our expertise. It is a testimony to our proven leadership within the industry and capability built on strong foundations based on years of experience in handling diverse projects of varying complexity."

     

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