Titisan Selatan Sdn Bhd, the company which will be constructing the RM650 million facility, is currently in talks with the Selangor government to lease a piece of land for the shipyard and expects a deal to be struck by the end of this month. Construction work is scheduled to begin in the first quarter of next year.
When completed, its dry dock capacity is expected to be about 15,000 tonnes.
The shipyard is being built to enable Titisan Selatan to carry out a RM2.6 billion project it was recently given by local dredging company, Inai Kiara Sdn Bhd.
The project is for the construction of four Trailing Suction Hopper Dredger (THSD) units. The terms of the deal also sees Titisan Selatan performing maintenance work on Inai Kiara’s 78-vessel fleet for the next 10 years.
“We are currently sending our fleet to Singapore for maintenance and retrofitting and spend about RM100 million a year on that. By doing it locally, it will be more economical,” said Inai Kiara executive director Johari Shukri Jamil.
Inai Kiara conducts dredging, reclamation and marine-related construction work around Malaysia and has a 15-year concession from the Transport Ministry for maintenance dredging works in all major Malaysian ports.
The new shipyard will also be able to provide about 2,000 new jobs.
Titisan Selatan will be roping in Dutch shipbuilding giants, IHC Merwede.
Merwede will, under the terms of the agreement, provide consultancy and design support services during the construction of the shipyard and also conduct joint regional marketing to promote the products of the new yard.
When completed, its dry dock capacity is expected to be about 15,000 tonnes.
The shipyard is being built to enable Titisan Selatan to carry out a RM2.6 billion project it was recently given by local dredging company, Inai Kiara Sdn Bhd.
The project is for the construction of four Trailing Suction Hopper Dredger (THSD) units. The terms of the deal also sees Titisan Selatan performing maintenance work on Inai Kiara’s 78-vessel fleet for the next 10 years.
“We are currently sending our fleet to Singapore for maintenance and retrofitting and spend about RM100 million a year on that. By doing it locally, it will be more economical,” said Inai Kiara executive director Johari Shukri Jamil.
Inai Kiara conducts dredging, reclamation and marine-related construction work around Malaysia and has a 15-year concession from the Transport Ministry for maintenance dredging works in all major Malaysian ports.
The new shipyard will also be able to provide about 2,000 new jobs.
Titisan Selatan will be roping in Dutch shipbuilding giants, IHC Merwede.
Merwede will, under the terms of the agreement, provide consultancy and design support services during the construction of the shipyard and also conduct joint regional marketing to promote the products of the new yard.