• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Dubai Drydocks World, the shipbuilding arm of State investor Dubai World, is eyeing yards in Asia to expand capacity. Talks are believed to have reached an advanced stage to buy a small unlisted shipyard on the Yangtse river delta in China’s Jiangsu province. India and Vietnam are believed to be the next targets. The company initiated the first move for acquisition abroad last year in September for Pan-United Marine, a Singapore shipbuilder, and subsequently in October to buy the city State’s offshore oil rig builder Labroy Marine. The chief executive has been quoted as saying that the future expansion plans are aimed at China, India and Vietnam to secure scarce docking space and beef up offshore oil rig building capacity.

OUR BUREAU

More Stories on : Shipping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Port connectivity in Gujarat

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line