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Drydocks

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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
 
The Six Most Unusual Hotels in the World

The Six Most Unusual Hotels in the World

Yesterday Dubai Drydocks unveiled plans to build the World Discus Hotel– a discus-shaped underwater hotel. Kipp takes a look at some of the other unusual hotel accommodations from around the world…

May 3, 2012 4:14
 
All but One Creditor Join $2.2 Bln Drydocks Debt Plan

All but One Creditor Join $2.2 Bln Drydocks Debt Plan

Dubai World's shipbuilding unit has gotten 98 percent of creditors signed up to its $2.2 billion restructuring plan with all but one agreeing to the terms, its chairman said.

April 4, 2012 4:28
 
US hedge fund wins claim against Dubai’s DryDocks

US hedge fund wins claim against Dubai’s DryDocks

A US-based hedge fund said it has won a $72 million legal claim against Dubai's Drydocks World for defaulting on a loan, putting the ship builder's $2.2 billion debt restructuring in further trouble.

March 14, 2012 1:39
 

Dubai’s Drydocks expects debt deal by March

Drydocks eyeing payment extension of 5-8 years; No financial support sought from Dubai govt

December 20, 2011 10:57