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Global market forecast

Damen Sharjah

Shipyard’s newly opened facility at

Hamriyah.

Damen Sharjah

Shipyard’s MD Lars

Seistrup.

However, refurbishment is not the core business stream for either company, nor for others in the market. “(Rig repair is) good business for us, but it is not going to be the corner stone of the business,” says Moffatt, who wants the business to maintain a spread of busi- ness streams, for business resilience.

New build is also very much still part of the plan, with Lamprell planning covers 284,000sq m, with 1.2km of to launch a new rig design to operate mostly from parent company Damen quayside and up to 9m water depths. A in 400ft water depth. Currently, it has

Group, comprising two multicats, two shoalbusters, two barges, for Kuwaiti ? rm 5200-tonne Rolls-Royce shiplift enables designs up to 350ft. the yard to repair and launch ships up to

Bimco, one aluminum crew boat, for an

Abu Dhabi client, and 10 azimuth stern 120m-long. For alongside repairs, DSS

FURTHER READING drive tugs, two of which are also for Bimco. is limited to 140m, due port restrictions.

Part of the facility is a 130m x 34m x 34m Lars Seistrup, its managing director, says: “The next step will be the oil and covered blasting and painting hall, which Read more on OEdigital.com: Iranian gas sector. A lot of rigs are coming into enables grit blasting and high-pressure opportunities beckon: An agreement to the Arabian Gulf and they will need water blasting on the repair berths. discuss lifting sanctions offers a glimpse

The yard has a new build order book, some level of upgrade and modi? cation.” of hope.

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