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Drydocks World

200-dubai-drydocks

Indebted Drydocks in Kuok JV for Asia operations

Drydocks World, which sought insolvency protection in April as it restructures $2.2 billion of debt, signed a joint venture for its Southeast Asia operations with Pacific Carrier Ltd. on Wednesday, part of Malaysian tycoon Robert Kuok's empire.

June 27, 2012 5:34
 
200-dubai-drydocks

Tycoon nears deal for Drydocks’ S.Asia OPS

A company linked to Malaysian billionaire Robert Kuok is close to a deal to buy a majority stake in the Southeast Asia operation of Dubai shipbuilder Drydocks World, two sources said on Tuesday.

June 27, 2012 9:59
 
Dubai's Drydocks restructuring hit by Singapore snag

Dubai's Drydocks restructuring hit by Singapore snag

Legal proceedings in the $2.2 billion debt restructuring of Dubai World's shipbuilding unit have been delayed due to a court challenge in Singapore over a rig-building contract, a lawyer said on Monday

May 7, 2012 3:40
 
Drydocks World eyes repaying $2.2B debt in 5 years

Drydocks World eyes repaying $2.2B debt in 5 years

Shipbuilder Drydocks World, a unit of Dubai World, has proposed repaying creditors in five years and is seeking more working capital as it tries to restructure a $2.2 bln loan facility, ending lengthy and complex debt talks.

March 10, 2012 4:55
 
Dubai’s Drydocks to present $2.2B debt plan next week

Dubai’s Drydocks to present $2.2B debt plan next week

Dubai's ship building unit Drydocks World, in negotiations to restructure a $2.2 billion loan facility, will present terms of the proposal to lenders on March 8, seeking to put an end to the long-drawn and complex debt talks.

March 1, 2012 1:42
 

Dubai World unit nears $2.2 bln loan deal

Sees loan restructuring deal closed by April 30; Says doesn't need financial support from Dubai govt; No immediate plans for IPO, bond sale – chairman; To payback $90 mln to trade creditors by Apr 30

March 15, 2011 3:44