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Latest Maltese Steel News
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Malta Shipyards gets 2 major repair contract
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Shipyard workers will this week start working on a floating production storage
and off loading vessel, which is expected to dock later in the week. Malta Shipyards Ltd won the contract against fierce competition from other 'yards and having done work on an FPSO two years ago was a determining factor in winning the contract, shipyards chairman John Cassar White said. The FPSO is expected to spend at least five weeks in the dock, undergoing major maintenance, steel and engineering works. Another carrier, this time an iron ore and oil carrier, is expected to enter No 6 dock for two to three weeks at the end of December. |
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Malta Shipyards' restructuring plan: government registers two new companies
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The government on Friday registered two new companies according to the
restructuring plan of the Maltese shipyards. The first company The Malta Shipyards Limited will be responsible for repairing ships and yachts and steel works that till today have been carried out by the Malta Drydocks Corporation and the Malta Shipbuilding Company Limited. This organization is expected to employ around 1,700 workers. The board of this company will be composed of John Cassar White as a chairperson; George Borg, Helga Ellul, Sergio Vella and Austin Walker as directors; and Ivan Borg as the secretary of the board. The second company is The Industrial Projects and Services Limited that will be responsible for the rest of tasks that used to be carried out by the Malta Drydocks Corporation and the Malta Shipbuilding Company Limited. This company will employ the rest of the workers that will not undertake the early retirement schemes and voluntary resignations that will be offered to the 900 workers who will not be employed with the Malta Shipyards Limited. Ivan Falzon will be the chairperson of the board of this company, while Vincent Mifsud and Harold Walls, will act as directors. The secretary of the board will be Joseph Caruana Scicluna. |
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