Adnoc gets delivery of two boats

Abu Dhabi - Topaz Engineering comprises two divisions, Nico International which focuses on ship repair, and Nico Craft at the Mussafah shipyard.

Contracts and plans worth up to $40 million were announced at Seatrade Offshore Marine & Workboats Middle East conference and exhibition at the Abu Dhabi National Exhibition Centre, or Adnec.
Firstly, Oman-based Renaissance Services SAOG announced that it had sold its subsidiary Topaz Engineering Limited to UAE-based Chalmers Holdings, which plans to expand its Engineering Procurement and Construction (EPC) activities in the marine and oil and gas sectors.
Rene Kofod-Olsen, chief executive officer of Topaz Marine, said that the transaction comes after a spell of more than two years during which Renaissance has made clear its intention to dispose of its shipyard and marine engineering business with a clear strategy to focus on its core activity of offshore ship operation.
Topaz Engineering comprises two divisions, Nico International which focuses on ship repair, and Nico Craft at the Mussafah shipyard. It is here that Chalmers intends to expand its EPC activity, particularly in the oil and gas arena.
Subsequent to the signing, a total of five regional facilities have now changed hands. They include a waterfront shipyard at Mussafah in Abu Dhabi, a repair facility in ADPC which includes a recently refurbished 2,000-tonne floating dock, large workshops in Fujairah and Dubai Maritime City and another workshop at Al Quoz in Dubai.
John Thomas, Chalmers Engineering chief operating officer revealed that the company intends to spend between $8-10 million at the Mussafah shipyard which has 165 metres of prime waterfront.
Capital will be invested in a new jetty and capital dredging of the approach channel to a likely depth of 8-9 metres, enabling the float-out of larger offshore modules in due course.
- haseeb@khaleejtimes.com

• Sharjah