ABG plans ship repair yard

In its bid to cater to the international ship repair demand, private sector shipyard ABG Shipyard is planning to acquire ship repair facilities in the key shipping routes? network, including Singapore and China.

ABG Shipyard in Mumbai has already acquired a ship repair unit at Fujairah, UAE, for an undisclosed amount and is planning to develop Fujairah as a ship repair hub in a phased manner.

“While the company is aiming at organic growth in shipbuilding capabilities within the country, it is opting for the acquisition route for making presence in the ship repair market,” highly placed sources said.

The company has recently acquired a Canadian shipbuilding equipment facility for $5.6 million. “This equipment facility has been dismantled and shipped to proposed Dahej shipyard. This includes advanced equipment, including a large tower crane,” the sources said. Meanwhile, Gujarat Maritime Board and Gujarat Industrial Development Corporation have allotted 21.20 hectares and 15.59 hectares respectively for the proposed $90 million shipbuilding project at Dahej.

The Dahej yard will have capacity to build ships with 120,000 DWT and have an initial annual capacity of four to five ships.