Page 59: of Maritime Reporter Magazine (August 2015)

Shipyard Edition

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SHIPYARDS

Oman Drydock Company Expands Rapidly man Drydock Company (ODC) our supply chain building strong allianc- improving the truck, rail and logistics ac- real passion, real commitment and real is growing fast. In January, the es with a broad cross section of compa- cess to Duqm. All these factors make us hunger from a new keen shipyard that

Oyard hit an important milestone nies including welders, painters, blasters much more desirable to customers who wants to impress by delivering the best - its 300th drydocking. Harnessing the and engine suppliers. Moreover, we are want to ride a commercial wave and see service.” power of its new $1.8 billion, 1.3 million sq. m. shipyard it aims to become a lead- ing shipyard in the Gulf over the next ? ve years. A key selling point for ODC is its geographical position. ODC is in poll-position for the Asia – Europe ship- ping routes and critically, saving ship owners time, and potential disruption, as ships can come straight to us without deviating through the Strait of Hormuz.

In terms of investment, ODC plans to spend around $80 million this year. As a result of the falling crude oil price,

ODC is concentrating effort on conver- sion projects as demand for carrying and storing crude increases. It recently began two massive new OBO to VLCC conver- sions for the Greek owned Spring? eld

Shipping Company. These follow the successful multimillion dollar OBO to

VLCC conversion of the Olympic Luck it undertook for Spring? eld in January.

The two new vessels Olympic Leopard and Olympic Lion are due to complete in the autumn. In addition to conversion contracts, ODC will carry out repairs on a royal yacht and several navy ships.

Moreover, it has many repair works pre- booked for the second half of 2015, al- lowing ODC to achieve its revenue target which has doubled since 2014.

Dr. Al Abri Takes the Helm

ODC has a new Deputy CEO in Dr.

Ahmed Al Abri, one of Oman’s most experienced maritime professionals. Dr.

Al Abri, draws on 17 years experience working as a naval architect oversee- ing major projects in shipyards around the world. “It is fantastic to have the opportunity to put years of experience into practice here at the main shipyard in

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