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February 11, 2016 3:30 PM ET

Machinery

Company Overview of Boustead Naval Shipyard Sdn. Bhd.

Company Overview

Boustead Naval Shipyard Sdn. Bhd. builds, repairs, and maintains ships for the defense and maritime industries. It engages in building various naval and commercial vessels, such as patrol vessels, fast troop carriers, anchor handling tugs, offshore supply vessels, luxury yacht hotels, and vehicular ferries. The company also provides ship repair works for vessels; maintenance, repair, and overhaul services for naval and land-based electronics defense systems; and repair, maintenance, and overhaul services for various weapons that include medium and short range guns, anti aircraft guns, and guns and rocket launchers. Boustead Naval Shipyard Sdn. Bhd. was formerly known as PSC Naval Dockyard Sd...

Pangkalan TLDM

A186, Kampung Teluk Muroh

Lumut,  32100

Malaysia

Founded in 1984

Phone:

60 5 690 7000

Fax:

60 5 683 8548

Key Executives for Boustead Naval Shipyard Sdn. Bhd.

Chief Executive Officer
Head of Commercial Unit
Head of Procurement Department
Head of Information System Department
Compensation as of Fiscal Year 2015.

Boustead Naval Shipyard Sdn. Bhd. Key Developments

Boustead Naval Shipyard Sdn Bhd Receives Contract of MYR 92,428,783.35

Boustead Naval Shipyard Sdn Bhd received a Letter of Work dated September 2, 2015 from the Ministry of Defence Malaysia awarding BN Shipyard a contract for scheduled refit maintenance of a patrol vessel, known as KD Pahang, for the Royal Malaysian Navy at a ceiling contract value of MYR 92,428,783.35. The written acknowledgement was executed on 17 September 2015. The Contract will contribute positively to the earnings of BHIC Group for the financial year ending December 31, 2015 and 2016.

BNS and Maraputra Agree to an Amicable Settlement

On 13 August 2015, BNS and Maraputra have agreed to an amicable settlement and pursuant thereto BNS has withdrawn its appeal at the Court of Appeal with no order as to costs. With reference to the Boustead Heavy Industries Corporation Bhd's announcement dated 4 September 2013 in relation to the Ipoh High Court civil suit by Maraputra Sdn Bhd against its associate company, Boustead Naval Shipyard Sdn. Bhd (BNS).

Boustead Naval Shipyard Sdn. Bhd. Receives MYR 9 Billion Contract

Boustead Holdings Berhad referred to the announcements made on 16 December 2011 and 1 October 2013 with regard to the receipt of letter of acceptance from the Ministry of Defense Malaysia by Boustead Naval Shipyard Sdn Bhd to design, construct, equip, install, commission, integrate, test and trials, and deliver six units of Second Generation Patrol Vessels with Littoral Combat Ship capability for the Royal Malaysian Navy at a contract value of MYR 9 billion.

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