Oman Drydock Company (ODC) is to formally launch a new partnership targeting the LNG carrier repair market at next month's Posidonia trade fair in Greece.
The new package is being launched with DSEC a subsidiary of Daewoo Shipbuilding and Marine Engineering Company Ltd (DSME), which is ODC's official partner.
ODC Chief Executive Yong Duk Park said Posidonia, which is one of the shipping industry's biggest trade fairs, is an ideal location to raise the profile of ODC and the new partnership. ODC has a 52sqm stand in Hall 2 stand 2.217.
"We are very excited about marketing this new package and welcome visitors to our stand to hear about our plans," he said. "Working with DSME we believe we have developed one of the most advanced LNG repair packages in the world. Our new services will cover areas such as cargo containment systems and the supply chain of various materials such as INVAR, insulation boxes, membranes, prefabricated panels and cryogenic safety valves. Meanwhile, we are also investing in new facilities including renovating our cryogenic shop so it can cater to repairing up to four LNGCs at any one time. Our expansion into LNGC will further be strengthened by our new license to support the French engineering firm Gaztransport & Technigaz (GTT) which specialises in cargo containment systems for high-end LNG carriers. "
ODC is one of the newest and biggest shipyards in the world and is based in Duqm (see notes to editors) Oman's planned new ports and logistics mega city. Following a soft opening in 2011 the $1.5bn shipyard, which is 1.3m sq metres in size, has drydocked more than 230 vessels.
Mr Park said the Greek shipping market is of vital importance to ODC.
"ODC has already delivered repairs for more than 50 Greek owned or operated ships," he said. "We have an important relationship with Dynacom Ship Management helping drydock a number of its vessels including VLCCs. We are further proud to repair the Astro Polaris owned by Maran Tankers which we delivered a day ahead of schedule."
Mr Park said ODC will be looking to increase awareness of its world class facilities and workforce at Posidonia.
"We have worked enormously hard to develop a robust track record working on a wide variety of ships from Very Large Crude Carriers (VLCCs) to container ships to LNG and LPG carriers to chemical carriers dredgers, RO-ROs and barges," he said. "We can now show the shipping industry we not only have world class facilities, which include our massive dry docks which can accommodate any size of vessel, but we have the experience too.
"We know we can deliver on quality, cost and critically time. Our geographical location thrusts us into pole position for the Asia to Europe shipping route as well as the East African and Indian off shore industries. We can further slash costs and the time required for drydocking as vessels do not need to greatly deviate their course. This can save days in time, and a huge amount of money, which is such a key factor for shipping operators balancing tight budgets. Other key selling points include our unrivalled painting services and ability to deal with sludge and slops disposal With painting we have the perfect climate that few other yards can offer. With slops we can save up to three days sailing time as we can deal with it all here on site, there is no need to sail to another location. We intend to market all these benefits hard in the coming months and years."
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About Oman Drydock Company
· In 2006, the Omani Government established Oman Drydock Company (ODC) in Duqm located in the central area of Oman in order to develop and diversify heavy industries in Oman in addition to the oil refinery industry.
· At the same time Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) of Korea signed a contract of management and operation of ODC. Currently 30 professionals above manager class including the CEO from DSME are working for ODC.
· ODC has a total of 1.3 million square meters of land in Duqm for its operations. It is equipped with state-of-the-art facilities including:
Two ULCC class graving docks (410m x 95m, 410m x 80m)
Five quays of 2,800 m long with water depth of 9-10 meters
14 units of jib crane with lifting capacity of 100 ton to 40 ton
A slop and sludge treatment facility including slop tanks to store 10,000 cubic meters
Five workshops covering outfitting, electrical works, machinery, hulls, blasting and painting and cryogenics
About Duqm - 'new trading centre of Middle East'
ODC, forms a centre piece of His Majesty the Sultan's formidably ambitious 10 year $15bn masterplan to transform the town of Duqm into 'an economic powerhouse'. Over the next 20 years Duqm is expected to see supercharged growth driven by the thriving shipping, petrochemical, logistics and offshore industries. The Duqm master plan is part of the Sultan's 2020 vision which seeks to diversify Oman's economy.
FACTFILE AL DUQM -- The Special Economic Zone Authority at Duqm (SEZAD)
DUQM
Duqm is located 450km (280 miles) south of Muscat, based in Al Wusta Govornate.
$15bn investment to create world leading multi- industrial, maritime, commercial and logistics hub.
Plans include petrochemical factory, a refinery, an airport, beach-front hotels, and housing for more than 100,000 people.
Further plans are taking shape to build roads, pipelines and railways to link up with Saudi Arabia and the United Arab Emirates.
The largest development of its kind in the Middle East and North Africa (MENA), and among the biggest globally.
Expected to generate 20,000 jobs.
Strategically located for world maritime industry on southeast Arabian peninsula.
Attractive and convenient for foreign investors - package of incentives for setting up operations with tax breaks and land deals.
Package includes 100 per cent foreign ownership and tax exemptions.
The business area has attracted investors from Asia, Europe and the Americas.
The authority promises to provide a full range of infrastructural facilities for investors.
Total land area of 1,770 sq km is divided into two parts, designed to enable the Authority to gradually expand it.
Currently focused on an 800 sq km area which includes the dry dock.
Construction work on a major refinery is expected to start in 2015 with completion slated for 2018.
The project aims at enhancing the Sultanate's status in the field of petrochemical industries, while generating significant job opportunities for Omanis.
For further details on ODC marketing director
Mr Johnny Woo Muscat office Al Azaiba,
P.O. Box : 3972, Ruwi,
Postal Code 112,
Muscat, Sultanate of Oman
Tel: +968 2452 0255
Email: jwwoo@dsme.co.kr, jwwoo@omandrydock.com
Visit: www.omandrydock.com
Media contacts:
Ben Pinnington Polaris Media
Tel: + 44 7887 562900
Email: ben@polarismedia.co.uk
Sam Pinnington
Tel: +44 7919 010092
Email: sam@polarismedia.co.uk
© Press Release 2014
