UAE: Drydocks World, EXMAR Sign Alliance Agreement

Drydocks World, the established international player in ship repair, conversion and new building, announced that an Alliance Agreement has been signed with EXMAR Shipmanagement, a company that offers high-end ship management services to the maritime industry.

The two companies hope to strengthen their relationship on the basis of the new Alliance Agreement and EXMAR Shipmanagement is expected to consider Drydocks World as preferred yard for all its ship repair and maintenance needs in the Middle East region. It would translate into an increased volume of business and further enhance co-operation over the near to medium term.

Drydocks World has received 13 vessel repair orders from EXMAR Shipmanagement, primarily gas carriers – both Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG) since 1998. The number of vessels catered to has increased over the years, from 2007 and the shipyard is expecting more orders in 2012 due to the renewed partnership based on the Alliance Agreement. The shipyard’s Afloat Repair Division has also addressed several repair needs of the LNG Carriers. EXMAR Shipmanagement manages 30 vessels, mostly gas carriers.