Norway: Kleven Maritime Invests USD 52 Million in New Facilities

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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Posted on October 10, 2011