4. odc shipyard : overview

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TABLE OF CONTENTS

1. ODC : ESTABLISHMENT & VISION

2. BRIEF HISTORY

3. EXCELLENT PARTNER : THE FIRST STEP TOWARD SUCCESS

4. ODC SHIPYARD

5. OPERATIONAL PERFORMANCE

6. WAYS TO GO FOR GREATER SUCCESS

7. ODC’s COMMITMENT

1. ODC : ESTABLISHMENT & VISION

Background of ODC

Establishment

The Government of the Sultanate of Oman (“GOSO”) aims to;

 Balance its economic development all over the country and

 Diversify the industrial structure by investing in non-petroleum industries.

Vision

“ To be the Best Drydock Company in the Middle East leading toward the Balanced Growth of Oman ”

Best High Quality of Service & Punctuality of Delivery

Drydock Company

Balanced Growth

Wide Variety of Service Coverage (Ship Repair, Conversion, Offshore Fabrication, Shipbuilding, and Industrial Services)

Industry Diversification & Regionally Balanced Growth

2. BRIEF HISTORY

2002

JULY 2004

MAY 2006

SEP. 2006

Government planned to build a Repair shipyard at Duqm as a Development Program of Al-Wusta Region

Memorandum of Understanding between Government of Sultanate of Oman

(GOSO) and Daewoo Shipbuilding & Marine Engineering (DSME)

ODC Registration in Ministry of Commerce and Industry

(Registration No. 1811371)

Operation & Management Service Agreement between GOSO and DSME

JUNE 2008 Shipyard Construction in Duqm Started.

DEC. 2010 Shipyard Construction Completed.

APRIL 2011 Soft Operation Started.

FEB. 2014 200 Ships Repair Achieved.

3. EXCELLENT PARTNER : THE FIRST STEP TOWARD SUCCESS

 Partnership with DSME

Capital Investment

& Facility Provision

Operation &

Management Service

 Daewoo Shipbuilding

& Marine Engineering Co., Ltd.

Global Top in Shipbuilding Industry

Sales: $ 12.8 billion (Year 2013)

Employees: Over 40,000

Products: Commercial Vessels,

Offshore Projects (FPSO, Rigs, Etc.),

Navy Ships (Aegis Destroyers, Submarines,

Etc.)

 Responsibility of DSME

To Supervise Construction of Ship Yard

To Manage and Operate the Company

(10 Years + Optional 10 Years)

To Transfer Technology and Know-How

To Provide Manpower (Secondees)

To Make a Training Plan and Provide On

The Job Training to Omani Employees

4. ODC SHIPYARD : LOCATION

Duqm, strategically located at the Entrance of Arabian Gulf, and on the trading route of Europe and Asia.

4. ODC SHIPYARD : MAJOR FACILITIES

Hull shop

Pipe & Outfitting shop

Machinery shop

Cryogenic shop

Blasting & Paining shop

Electric shop

410 m x 95 m, 600,000 DWT

410 m x 80 m, 500,000 DWT

100T x 74M (1 Set)

80T x 74M (1 Set)

40T x 74M (12 Sets)

4. ODC SHIPYARD : OVERVIEW

4. ODC SHIPYARD : OVERVIEW

4. ODC SHIPYARD : OVERVIEW (QUAY)

4. ODC SHIPYARD : OVERVIEW (SHOP AREA)

5. OPERATIONAL PERFORMANCE

 Financial Performance

No. of Project

Revenue

2011/04~ 2012

119

2013

74

$ 38.2 million $ 30.6 million

2014/02

18

$ 7.3 million

SUM

211

2014 (Target)

78

$76.1 million $ 60.2 million

 Manpower Status

Korean

Omani

Expatriate

Total

Omanization %

2013

25

416

1,184

1,625

26%

2014 (Plan)

34

552

1,389

1,975

28%

5. OPERATIONAL PERFORMANCE : MAJOR REPAIR

MUSCAT LNG

LNG Carrier (289.5m x 49 mx 27m) (118,219 Ton/145,000M3)

5. OPERATIONAL PERFORMANCE : MAJOR REPAIR

RAAHI

LNG Carrier (277m x 43.3m x 26m) (138,077m 3 )

5. OPERATIONAL PERFORMANCE : MAJOR REPAIR

NIKI

Bulk Carrier (253m x 40m x 14m) (56,810 G/T, 101,648DWT)

5. OPERATIONAL PERFORMANCE : MAJOR REPAIR

ALFA GLORY

VLCC (333m x 58m x 31m) (309,636 DWT)

5. OPERATIONAL PERFORMANCE : MAJOR REPAIR

CONCORD I

Chemical Tanker (174.7m x 32m x 14.25m) (38,539 DWT)

5. OPERATIONAL PERFORMANCE : CONVERSION

VERONICA (MONA LIZA)

Conversion from Cruiser to floating hotel (28,891 GT)

5. OPERATIONAL PERFORMANCE : MAJOR REPAIR

200 th

Project

MAERSK WISCONSIN

Container Carrier (292m x 21.7 mx 21.3m) (61,987 DWT)

6. WAYS TO GO FOR GREATER SUCCESS

General Repairs

& Special Repairs

Steel Structure

Fabrication

 General Repairs

 VLLCs (up to 600,000 DWT)

 LNGC & GAS Carriers

 Oil Tankers

 Cruise Vessels

 Containers

 Pipe Layers, Heavy Lift Ships

 Bulk Carriers

 Navy Vessels

 Car Carriers

 Special Repairs

 Jack Up Rigs, Submersible

Drilling Semi-Rigs

 Jackets, FPSO, Drills Ships

 Steel Structure Fabrication

 Steel Structure of Bridges

 Steel Structure of Industrial

Plants

 Pipe Modules

 Pipe Lines

 Steel Structure of Refineries

 Steel Structure of

Petrochemicals Plants

 Ship Conversion

 FPSOs, FSRUs, Pipe Layers

 Type Modification (Tankers,

Bulkers)

 Special Purpose Vessels

 Lengthening Expansion of Vessel

Size

Shipbuilding

7. ODC’s COMMITMENT

As a Pioneer in Duqm Development Plan of GOSO,

ODC Management and Employees promise to accomplish ODC’s Vision and Objectives by reaching

Over

$ 200 million of Sales

and

40% of Omanization

by 2020

And Expanding business area into

Ship Building Industry

.

DSME : Role Model of ODC

Thank You

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