October 18, 2017 11:21 AM 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 2017.

Boustead Naval Shipyard Sdn. Bhd. Key Developments

Boustead Naval Shipyard Sdn Bhd Secures MYR 1.17 Billion Contract from Defence Ministry

Boustead Naval Shipyard Sdn Bhd has bagged a MYR 1.17 billion contract from Malaysia's Ministry of Defence for the supply of four Littoral Mission Ships. The contract, a collaboration between the governments of Malaysia and China was awarded to the company under direct negotiation, for collaboration with a partner shipyard in China. It is to be implemented over four years effective from the date of signing of the letter of acceptance by the company. The company informed the Littoral Mission Ships would be designed by the partner shipyard and the first two vessels be built and delivered in China in 2019 and 2020. The remaining two would be delivered in Malaysia in 2021. The contract will have a positive effect on the earnings of the group for the financial year ending December 31, 2017 and contribute positively to its future earnings.

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.

Recent Private Companies Transactions

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