Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13…
Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13.1, consolidating the group’s operations in Spain and the Mediterranean and supporting its expansion in the offshore wind sector.
SAFEEN Drydocks, part of Noatum Maritime, acquired the Basque-region shipyard, which will be renamed Balenciaga Shipyard, adding nearly a century of shipbuilding experience and advanced infrastructure to AD Ports Group’s portfolio.
The facility includes two drydocks, a 105-metre slipway, and manufacturing and fabrication facilities spanning more than 25,000 square meters.
Balenciaga Shipyard is recognized for structural prefabrication of large modules for offshore projects and for building complex vessels, including Service Operation Vessels (SOVs) used as floating bases for offshore wind farms, as well as research vessels, offshore support vessels and specialized tugs.
The acquisition complements AD Ports Group’s recently announced partnership with Masdar to collaborate on offshore wind projects and positions the group to benefit from rising demand for specialized offshore wind vessels, supported by the shipyard’s proximity to the North Sea and European markets.
AD Ports Group said the deal is expected to create
Content Original Link:
" target="_blank">
