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Abu Dhabi Ship Building to deliver 10 vessels in 2010

Abu Dhabi Ship Building (ADSB) company, which has delivered about 150 new vessels during its 14 years of existence, will be delivering 10 vessels this year. This was disclosed by Homaid Al Shemmari, Chairman of the ADSB and William S Saltzer, the Chief Executive Officer at a media get-together recently in Abu Dhabi, which was arranged to mark the delivery of a 42 metre long landing craft built by the company, to the Royal Bahrain Naval Force.They said the vessels being delivered this year included two landing craft of 42 metre size , a tug, a workboat and six fast interceptors.

"ADSB currently has 54 new vessels on order. This includes six 72 metre Baynunah Class Corvettes, two 42 metre naval landing craft, 32 fast interceptors of 16 metre size, 12 Ghannatha Class Fast Fighting Boats of 26 metre size, one 26 metre tug and one 19 metre workboat,and they would be delivered in phases,'' William said. About five of the 150 vessels delivered by ADSB so far are commercial crafts, while the rest are for navy and other security forces belonging to both the UAE and outside. Asked whether the ADSB was pursuing orders from Saudi Arabia and Iraq which are some of the largest defence spenders in the region, William said, "We are definitely trying to get the doors of Saudi market opened for us. But Iraq market still presents a confused scenario because of the presence of the foreign troops.'' ADSB's client base includes Navies, Coast Guards and other military, paramilitary and commercial vessel operators across the GCC region. The Company posted a net profit of Dh 114.39 million on revenues of more than Dh 1.16 billion in 2009, representing its best annual performance, ADSB officials said.

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