February 27, 2017 1:47 PM ET

Machinery

Company Overview of Boustead Naval Shipyard Sdn. Bhd.

Company Overview

Boustead Naval Shipyard Sdn. Bhd. builds and repairs ships for defense and maritime markets. It builds various types of naval and commercial vessels, such as patrol vessels, fast troop carriers, anchor handling tugs, offshore supply vessels, luxury yacht hotels, and vehicular ferries; and fabricates heavy engineering products that include container cranes, level luffing cranes, and heavy steel structures. Boustead Naval Shipyard Sdn. Bhd. was formerly known as PSC Naval Dockyard Sdn Bhd and changed its name to Boustead Naval Shipyard Sdn. Bhd. in August 2005. The company was founded in 1984 and is based in Lumut, Malaysia. Boustead Naval Shipyard Sdn. Bhd. operates as a subsidiary of Boustea...

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 Procurement Department
Head of Ship Repair Department
Head of New Construction Department
Compensation as of Fiscal Year 2016.

Boustead Naval Shipyard Sdn. Bhd. Key Developments

cChina Shipbuilding & Offshore International Co., Ltd. Signs Cooperation Agreement with Malaysia's Boustead Naval Shipyard

China Shipbuilding & Offshore International Co., Ltd. has signed a cooperation agreement with Malaysia's Boustead Naval Shipyard at the Defence Services Asia 2016 on April 19. The two will launch cooperation in Malaysia's defense and maritime field, especially in shipbuilding and equipment procurements, jointly seeking opportunities to provide products and services for Malaysian government and businesses and press ahead special task ship project to the Malaysian government.

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).

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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