Norway: Kleven Maritime Invests USD 52 Million in New Facilities

Posted on Oct 10th, 2011 with tags .

Kleven Maritime’s extensive investment programme will result in new facilities for both the group’s Kleven and Myklebust shipyards. To increase newbuild capacity at Kleven Verft, in Ulsteinvik, Norway, a 100m quay and new 40m x 150m drydock will be built, while a similarly dimensioned floating dock has been earmarked for the Myklebust Verft in Sande. The NOK300M investment package also includes a new piping workshop and automated welding machines for both facilities.

Construction is due for completion by the end of 2013.

Last year Kleven Maritime, Norways’s largest Norwegian-owned shipbuilding group, registered record results. Operating profit was NOK 238.7M, an increase of 96M compared with 2009, which itself was a record year, and 2011 is looking healthy with an order reserve of 10 ships, with a combined value of NOK3.7bn.

The shipbuilding and repair group is currently waiting to hear if it has won the contract to carry out the extensive repair work to the Hurtigruten-operated passengership Nordlys, which was engulfed by fire last month.

The 11 204gt vessel is currently in Aalsund, Norway, undergoing temporary emergency repair work.

(300 million Norwegian kroner = 52.2531 million U.S. dollars)

Source: imarest, October 10, 2011; Image:klevenmaritime

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