AD Ports Group and Premier Marine Engineering Services LLC (Premier Marine) have announced the formation of a new joint venture, SAFEEN Drydocks. The joint venture is structured as a 51% ownership by AD Ports Group and 49% by Premier Marine.
The new enterprise will offer a broad range of vital services including drydocking, afloat repairs, ship building and refurbishment. The hub of SAFEEN Drydocks’ operations will be located at Khalifa Port and encompass a 45,000 m2 shipyard and repair facility, 350 m quay wall for vessel afloat repair, and a floating dry dock for vessel maintenance and refurbishment.
The floating dry dock is expected to commence operations in July 2023, while the shipyard has already begun work with construction of two barges for a UAE-based client. Once fully up and running, the hub will be operated by SAFEEN Drydocks and be fully equipped to accommodate a range of vessel types including tankers, bulk vessels, container ships, offshore vessels and jack-ups.
Through the new joint venture, AD Ports Group will leverage its reputation and experience as one of the world’s premier facilitators of maritime logistics, industry and trade, and contribute quay space at Khalifa Port for the development and operations of the new services hub.
