What Happened
UAE Shipbuilding Hub Expands With Major New Awards
SAFEEN Drydocks, a joint venture between AD Ports Group and Premier Marine Engineering Services, has secured two major vessel construction contracts valued at $354 million, marking the largest awards secured by the company to date. The contracts include the design and fabrication of four multipurpose vessels for AD Ports Group and the construction of 18 specialized marine support units for Nigeria’s Oilbank Logistics Services Ltd. This development reinforces the UAE’s growing position as a shipbuilding hub, as reported by Marine News Magazine.