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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
 
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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
 
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