Hospitals brace for uptick in typhoid and bacterial infections; and mosquito- and fly-borne diseases like dengue
The new venture will subsequently be renamed DDW-PaxOcean Asia Pte Ltd and will continue to have its headquarters in Singapore. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, will also serve as the Chairman of the Board of DDW-PaxOcean Asia.
Buamim said, “We are committed to this partnership with Kuok and its subsidiaries, which has a long-standing reputation in the shipping industry. Our clients can now benefit from the combined strengths of both our organisations and a broadened global reach within the maritime industry. It is indeed a historic agreement that is totally aligned with our strategic direction and the potential for future business growth is huge.”
“We are delighted to have Drydocks World as a joint venture partner,” said Pacific Carriers Chairman Teo Joo Kim. “With Pacific Carrier Group’s fleet of vessels and Kuok Group’s two shipyards in China coupled with the shipyard facilities and expertise of the joint venture and Drydocks World, I see marvelous opportunity to create value for the benefit of the respective parties.”
All parties will work together to grow DDW-PaxOcean Asia into a leading yard in the region. The two partners will also collaborate on cross-promotional activities and other strategic initiatives within the offshore and marine industry.
DDW-SEA currently operates four shipyards in Southeast Asia - the Tuas shipyard in Singapore, and the Graha, Nanindah and Pertama shipyards located in Batam, Indonesia. Activities at the shipyards include offshore, shipbuilding, repair and conversion. In addition, DDW-SEA also has a shipping fleet of over 130 vessels.
The agreement is subject to closing conditions, including the completion of the integration process, and is expected to be completed in the third quarter of 2012.
Hospitals brace for uptick in typhoid and bacterial infections; and mosquito- and fly-borne diseases like dengue
With 30% of their inventory damaged, owners of Preloved Books now face the daunting task of rebuilding from scratch
Five-time champions hold their nerve to claim victory by nine runs in the final over at Chandigarh
Natasha Abbas is a British civil engineer who co-founded North 51, a project management consultancy in Dubai
People who are assessing your qualifications can quickly tell the difference between an authentic life narrative and a third-party account
Arab-Canadian public speaking coach and author of The Million Dollar Speaker Maher Elusini on how to make your speech command value for time and money
The legendary Greek-Russian conductor Teodor Currentzis, who is all set to perform at the Dubai Opera next week, on music transcending cultural and language barriers
Not every kid is meant to go to university or college. So, it makes sense to teach them entrepreneurial skills early