DDW-SEA wins US$200 million worth of contracts

Drydocks World – Southeast Asia (DDW-SEA), the southeast Asian subsidiary of Drydocks World, has clinched newbuilding and conversion orders worth more than US$200 million since the start of this year. The company said that while the newbuilding and conversion markets for the shipping and offshore sectors continue to be challenging, the first quarter of this year has shown some signs of recovery. After a world-wide lull in conversion contracts in 2009, DDW-SEA won two major contracts in January. The first is an upgrade from a crane barge to an accommodation barge for Leighton Offshore and the second is a container ship to livestock carrier conversion for a Saudi Arabian customer Hmood Al Ali Al Khalaf Trading and Transporting Est.