January 2014

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Khamis Juma Buamim Chairman of Drydocks World & Maritime World

Drydocks World & Maritime World continues to build on its successful strategy of taking on a leadership role in providing value addition to the o�shore sector. We have taken heed of the fact that there has been a surge in recent demand for higher speci�cation jack-ups for operation in deepwater and there has been additional growth in areas such as those adjoining the United Kingdom and Norway.

Our agreement with Drill One Capital to build a mega jack-up rig to operate in harsh environments in the Norwegian Sector is an indication of things to come. We hope to support this sector judiciously with needs-based state-of-the-art drilling rigs. We will simultaneously highlight the signi�cant growth prospects of the oil & gas and energy sectors in addition to the maritime sector at the First Mare Forum – Global Leaders Maritime Summit. The Summit will bring into focus Dubai’s role in the development of the maritime, oil & gas and energy scenario in the region.

Meanwhile, our mission to make meaningful contributions to the development of the industry will also be complemented by imparting appropriate education and training. The �rst ever GCC Marine & O�shore HR Summit in Dubai organised by EIMA and AIMRI highlighted the need to enhance the Maritime Human Resource Concepts & Strategy for the future.

Executive Council of Dubai members meeting... Page 3

1st Mare Forum Dubai 2014: Global Leaders Maritime Summit... Page 10 & 11

Drydocks World to build mega Jack-up rig for the North Sea named "Dubai Expo 2020 NS”... Page 2

Drydocks World holds preparatory workshop with partners on AJ 62-X135 series of Jack-up rigs... Page 5

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Al Mersah ـاة املرسَ

Drydocks World signed an Agreement with Drill One Capital for building the ‘Dubai Expo 2020 NS’ mega Jack-up rig. Gusto MSC, which is one of the major partners in this project, has designed the CJ 80 rig. The rig will be the �rst of this design and the largest Jack-up rig ever built. Designed to be operated in harsh environments including the Norwegian Sector of the North Sea at a maximum water-depth of 175 meter with 25 meter air-gap, the rig is another ground-breaking project among the growing portfolio of new build projects for the o�shore oil & gas being implemented by Drydocks World. The 101 X 110 m, 5500 sqm unit will be classed by DNV and will meet all rules and regulations in force in the Norwegian and the UK sector of the North Sea. It can be operational at a depth of 175 m in standalone mode. The rig is totally environmentally friendly – has up to 30% less fuel consumption due to use of latest fuel e�cient technology; is tier 3 compliant; generates fresh water using waste heat from engine cooling; heat by hot water generated from exhaust waste heat; uses LED lighting where possible; has reduced emission of CO2 and NOx - up to 25% reduction in emission compared to similar rigs; is prepared for shore power; will have zero discharge to sea to meet Norwegian and UK legal requirements (�uids less than 15 ppm contamination).

The design draft is 8.5 m, minimum operational water depth is 20 m and length of legs is 232 m. It is designed to accommodate a total of 160 persons when the unit is used as a drilling and production unit. The rig will be equipped with the latest available state-of-the-art drilling equipment to be able to drill to 40.000 ft drilling depth. The rig will be equipped with a total of four high pressure (7000 psi) mud pumps.

Drydocks World to build mega Jack-up rig for the North Sea named "Dubai Expo 2020 NS”O�

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A high-level delegation from the Executive Council of Dubai visited Maritime Business Centre at Dubai Maritime City in order to discuss the prospects and contribution

made by Jadaf Dubai, Dubai Maritime City and Drydocks World to the country’s economy and maritime culture and heritage. His Excellency Khamis Juma Buamim,

Chairman of Drydocks World & Maritime World met the delegation which was led by His Excellency Abdullah Abdul Rahman Al Shaibani, Secretary-General of the

Executive Council of Dubai and His Excellency Saeed Mohammed Al Tayer, Chairman of Infrastructure Committee at the Executive Council of Dubai and explained some

of the progress in infrastructure development and pioneering projects being handled at the facilities that are contributing to the development of the country’s economy.

The team was impressed with the range of activities that were being handled at the various facilities and unanimously agreed that Jadaf Dubai was one of the oldest

shipyards located at Dubai Creek and is making stellar contributions to the culture, heritage and economy of the country.

Executive Council of Dubai members meeting

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His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime

World addressed the High�yers Forum on Mastery in going international: the

motives, the strategies and successes of cross-border operations. The Forum

was organised under the Patronage of His Highness Sheikh Mohammed Bin

Rashid Al Maktoum, Vice President and Prime Minister of the United Arab

Emirates and Ruler of Dubai on January 14, 2014 at Mina A’Salam Hotel, Dubai,

UAE.

This Event was part of The High�yers Initiative that aims to document the

success stories and achievements of UAE-based companies with international

operations. The success stories were presented in various printed and electronic

media forms, including a book and a multi-platform mobile application. Nearly

130 High�yers companies along with diplomats and representatives of more

than 50 countries from di�erent regions of the world were invited to the event.

Highflyer’s Forum

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Drydocks World held its �rst joint workshop on January 21-22, 2014, which was organized following the recent signing of Letter of Intent (LOI) with O�shore Innovation

Management Ltd., to build a series of AJ 62-X135 series of multi-purpose (accommodation & construction) Jack-Up rigs. Senior delegates from O�shore Innovation

Management (Owners), GustoMSC (Designer and supplier of Jacking & Fixation system) Markhus AS (Accommodation specialist) DNV (Classi�cation Society), Huisman

and Drydocks World (Construction yard) attended the workshop.

Drydocks World holds preparatory workshop with partners on AJ 62-X135 series of Jack-up rigs

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Emirates International Maritime Academy (EIMA), a landmark institution in the �eld of maritime education, established with the vision of becoming the Gulf’s center of excellence in Maritime education, has launched its ‘Mission 2020’ here at Dubai. As part of the strategy the academy will extend its scope to cover all sectors of Maritime Training by o�ering industry relevant courses ranging from skill based training & short term certi�cation programs to research levels covering management, core skills and specialized safety & engineering courses in areas related to various sectors of the industry including defense, logistics and ports, yachting, tourism & recreation, shipyards & terminals, o�shore, oil, gas, energy & drilling and �shing & trawling.

Alongside the launch of Mission 2020 EIMA in association with Aries International Maritime Research Institute (AIMRI), a premier i-university imparting high quality Maritime technical education hosted the �rst ever GCC Marine & O�shore HR Summit in Dubai. The event was a “�rst of its kind” joint initiative undertaken by the EIMA - AIMRI association consequent to the strategic academic cooperation agreement signed between the two institutions to enhance the Maritime Human Resource Concepts & Strategy ahead. Supported by Drydocks World and Maritime World, of which EIMA is a part, this one day event took place at Emirates International Maritime Academy (EIMA), located within Dubai Maritime City (DMC), the hub of maritime activity in the Middle East. The DDWMW group has clearly stated objectives through their strong nationalization program & the Future Leader Program to enhance & build opportunities for the local community including the attraction of more women into this sector. The summit witnessed amalgamation of the most in�uential and respected thought leaders and solution providers who discussed the latest innovations, strategies, insights and international best practices being followed globally. The key note address was delivered by Eng. Ali Alsuwaidi, VP – Business Development & Commercial at Drydocks World. Eminent speakers from various corporate houses like GE, United Arab Shipping Company, BP, Halul O�shore, Shelf Drilling, Red Sea Marine, Warstila, ABS, BV, Drydocks World & V Ships presented papers on topics speci�c to the managing strategy & human resources in the maritime sector.

Emirates International Maritime Academy (EIMA) moving steadily towards Mission 2020

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Following the standards set by the International Maritime Organization (IMO) & other world renowned accreditation bodies EIMA is recognized for its role in establishing

the image of the UAE as the regional capital of maritime studies. AIMRI with its unique visual media based education system strives at equipping and empowering young

professionals not only to enhance work performance but to also begin industrial research activities. Besides providing a platform to revolutionize the education sector in

the Middle East, the EIMA-AIMRI alliance also envisages the empowerment of young professionals, including an increasing number of women, keeping with the vision of

His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Emirates International Maritime Academy (EIMA) moving steadily towards Mission 2020

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His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World in a recent interview published in one of the leading dailies indicated that Jadaf Dubai will be protected even as the shifting of companies from the shipyard to Dubai Maritime City is partially completed. He highlighted that there will not be any arbitrary decision against the owners of the workshops and warehouses in the area.

His Excellency Buamim highlighted the importance of Jadaf in the regional trade, and as an active and key player in the economy of Dubai and acknowledged its key role in networking with other countries in the region, Iran, India and the coast of Africa, pointing out that a holistic approach should be adopted, and that the decision-makers should be more understanding and assertive in managing the shipyard and ensuring continued and sustained business for the shipyard.

Furthermore, he added that the survival of Jadaf and other nearby areas is more important than ever, because of increased marine transport and enhanced tourism activities in the area. He added that the shipyard is the ideal repair and maintenance destination for wooden boats, contributing signi�cantly to trade and commerce with adjoining areas.

Source: Alroeya newspaper

Jadaf will be protected:His Excellency Khamis Juma Buamim

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The 1st Mare Forum Dubai Global Leaders Maritime Summit has garnered worldwide attention. The Summit to be held on February 25th 2014 under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai & Chairman of the Executive O�ce has been organized by Drydocks World & Maritime World in partnership with Mare Forum. The event to be held at Madinat Jumeriah has generated overwhelming interest & participation from both the regional and international marine, maritime and shipping sectors. This professional forum will bring together policy makers and chief executives of industry in a decisive dialogue and debate, where business strategy and policy-making for today and tomorrow’s issues can be realized with optimal results. As top international business leaders will be in Dubai to formulate The Big Picture for the Marine, Maritime and o�shore industry. The event has also drawn interest from many sponsors & these include Dubai Maritime City, The Dubai Council for Marine & Maritime Industries, Emirates Classi�cation - Tasneef, RINA Group- Italy, Al Ghurair Resources, American Bureau of Shipping (ABS), the Marshall Islands Registry, Lloyd’s Register, GMS Leadership, Robban Assa�na Magazine and Ship to Shore and many more.

The Summit will focus on topics relating to global geopolitical considerations today and in the future and examine the world economy, its energy and resource needs and challenges, trade patterns and how this will impact on the maritime industry. Year 2013 turned out to be well-balanced for global energy markets. Demand has risen from Asian markets and competition from unconventional hydrocarbon production has increased and this represents shifts in the established global energy order. Besides, demand due to increased population and economic growth and ensuing power requirements has placed heavy emphasis on the use of alternative and renewable energy sources to attain sustainable development.

Industry experts expect global energy consumption to rise by 41 percent from 2012 to 2035. That’s an annual growth rate of 1.5 percent. Most of that increase will come from the emerging economies while energy use in the advanced countries will increase, mainly because of new e�ciencies. Oil, natural gas and coal will each comprise about 27 percent of the energy mix with the rest coming from nuclear, hydroelectricity and renewable sources. Natural gas consumption is expected to increase at 1.9 percent a year. The role of gas in an expanding energy market, opportunities that the o�shore industry can provide to the shipping industry, the challenges and upsides for oil and gas exploration & production and the basics for growth in the LNG market will be discussed.

1st Mare Forum Dubai 2014: Global Leaders Maritime Summit

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The event will examine the liquid, dry bulk and container market outlook as well as the outlook per ship type. The dry bulker market utilization is set to improve from this year with increase in demand. The tanker market is changing in favour of product tankers due to a forecasted increase in tonne-mile demand for all types of product types. The VLCC �xture activity is also seen to be picking up gradually giving a positive outlook for the future. Market issues on how shipping can be pro�table in a changed market economy, future shipping trends, the creation of a pro�table and sustainable shipping industry and trends in shipping rates will be discussed. O�shore perspectives including the economic viability of environmentally friendly vessels and the dynamics in relation to China will be debated.

The economic issues relating to such investments, the advantages and disadvantages of such technology, the role of LNG in the future, ballast water management are other topics that would be discussed. The future of the Dubai Maritime Cluster in the light of Dubai dynamics of today and the future for the next 10 to 20 years and beyond will be discussed. The strategies and goals for this sector including topics relating to logistics, taxes, shipbuilding, shipping law, ports and terminals and attendant service industries will also be covered.

The speakers and discussion panelists are drawn from high pro�le personalities from various sectors in the industry and will include Jannis Kostoulas, President Mare Forum; Rashed Al Hebsi, CEO, TASNEEF; Ugo Salerno, Group CEO, RINA; Djamal Djoury, CEO, Ghurair Resources; Roberto Giorgi, Honorary President, V.Ships; Chris Wiernicki, CEO & President, American Bureau of Shipping (ABS) ; Henrik O. Madsen, Group CEO – DNV GL; Robert Lorenz-Meyer, Chairman, Ernst Russ GmbH & Co. KG and Past President BIMCO; Jan Fransen, Managing Director, Green Award Foundation; Alexander M. Economides, Director, EPT USA; Theo�los Xenakoudis, Worldwide Business Operations O�cer, IRI/The Marshall Islands Registry; Marco Albers, Head of Transport & Export Finance, Managing Director, DekaBank; Kevin Tang, Director, Brazil-China Chamber of Commerce and Industry; Dato’ Jude P. Benny Managing Partner, Joseph Tan Jude Benny, Singapore; and several others leaders from globally renowned shipping and maritime organizations. Updated information regarding speakers, panelists, sponsors & details of the topics to be covered along with registration and accommodation arrangements can be found at http://mareforum.com/conference/mare-forum-dubai-2014/.

1st Mare Forum Dubai 2014: Global Leaders Maritime Summit

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Drydocks World and Maritime World has reiterated its un�inching support to the Omega Dubai Desert Classic,

underlining the company’s resolve to drive community initiatives forward in sync with Dubai’s overall growth

strategy.

World number one Tiger Woods, European number one Henrik Stenson and Northern Ireland’s Rory McIlory‚

among other past champions‚ headlined a stellar �eld when the Omega Dubai Desert Classic celebrated its 25th

anniversary at Emirates Golf Club in what is the strongest �eld ever assembled for an event outside the majors.

These three top-ranked players in the �eld were also featured in the Champions Challenge on Tuesday, January

28. This 18-hole stroke-play showpiece saw former winners of the event contest for a USD 600,000 prize fund

while reliving memorable moments on the Majlis course.

D ry d oc k s W orl d a n d M a ritim e W orl d c o- sp on sor O m e g a D u b a i D e se rt C l a ssic g ol f tou rn a m e n t O�

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Representatives of Wilhelmsen Ships Services along with press personnel from leading international journals and magazines visited Drydocks World and toured the facility on January 22, 2014. The team was led by Oerjan Johansen, Regional Vice President and Sondre Ajer, General Manager Wilhelmsen Ships Services.

Wilhelmsen Ship Services delegates tourDrydocks World

Drydocks World & Maritime World received Dubai Electricity & Water Authority’s

(DEWA) Partners Appreciation Award at a Special ceremony held at Atlantis The

Palm, The Palm Crescent, Dubai on January 7, 2014.

Drydocks World & Maritime World receivesDEWA’s Partners Appreciation Award

The kind of support, we get from the mechanical workshop team is the reason for calling upon the Drydocks World mechanical workshop in times of need. We always look forward to and appreciate the same support in the future. - Sa�e Eldin, Lafarge Emirates Cement, UAE.

I would like to thank all Drydocks World personnel involved in the docking and repair of our vessel Kaveri Spirit at your facility. I have had very good cooperation from the yard at all times. - Indrajeet Sengupta, Vessel Superintendent – Team Orion, Teekay Marine (Singapore) Pte. Ltd.

Client: Lafarge Emirates Cement, UAE Vessel: Kaveri Spirit

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DolWin Beta:

Mating-welding was completed. T-101 room handed over to clients on January 17, 2014. T-104 room handed over to clients on January 21, 2014. T-102 room handed over on January 22, 2014. Remaining out�tting jobs are being carried out.

Prelude FLNG Turret:

Installation of winch vertical column has started. Camera I tubes Installation have been initiated. Installation of protection tent on M4B, for machining is being carried out.

Solan subsea oil storage tank:

Unit 804 A & B were lifted on January 19, 2014. Solan Block 6 is getting ready for heavy lift.

B ird ’ s- e y e Vie w : P roj e c t P rog re ss a t D ry d oc k s W orl d

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Y a c h t re p a irs in J a n u a ry 2 0 1 4

The following yachts were under repaired during January 2014:

MY Hajer: The 95-foot yacht underwent sea trials successfully and was handed over to the owners.

Al Hail1: Final �t out of interior and exterior of the vessel was carried out such as seating arrangements in �bre and cushion and �y bridge canopy fabric. Various equipments were tested and sea trial carried out successfully.

Ferry was converted to yacht. Swath: Antifouling, �nal touch up and sea trial formed part of the job scope on this vessel.

MY Medina: Underwater antifouling and miscellaneous repair work was carried out on this 82 foot yacht.

MY Timeless: Under water antifouling was implemented on this 95-foot yacht.

Additional yachts expected to arrive during January and February 2014, are Viking 64, MY Gulf Falcon of 38m, a 50 metre yacht and Saba Fibre Yacht.

Crane Barge AMLAQ: Approximately 126 tonnes of steel renewal was carried out successfully. Hull treatment and anode renewals were completed.

M/T Isaxios: Hull treatment, blasting and painting of main, poop and forecastle decks, calibration and painting of anchors & chains, WBTs steel renewal, were carried out. Other work included renewal of sea valves, PV valves, hull/tank, E/R piping, propeller polishing, brake bands lining, mushroom vents repair, toilet renewal/installation, sewage system piping and pump installation, labels for panel boards & consoles and lifeboat windscreen renewal.

MT Hussein: The work scope included CPP shaft overhaul, propeller repair, hull treatment, pipe renewal, steel repair and valves overhaul.

Maridive 510: Major work on this vessel included hull treatment, renewal of pipes inside engine room, overhauling of valves, removal and re�tting of rudder, propeller & tail shaft withdrawal and propeller repair and steel renewal in fresh water tank.

Genesis: Work scope comprised of a�oat repair including repair of steel and pipes at various locations.

Paci�c Petrel: Hull treatment, pipe renewal and propeller repair was among the major scope of work on this vessel.

Folk Diligence: Steel repair was carried out as the vessel had su�ered damage due to collision. Work was done swiftly on wet berth using a hanging staging as the ship was too big to dock at Dubai Maritime City. Extensive access work in accommodation area was involved and the repair work has been completed.

D M C M a rin e S e rv ic e s: R e p a irs c a rrie d ou t d u rin gJ a n u a ry 2 0 1 4

H S E N ote s: DDWD initiated its Work at Height Safety Campaign “Don’t Fall Short on Safety when Working at Height” to ensure continued focus on this area. The campaign has been initiated through Tool box talks, banners, safety stand downs & WAH presentations.

Monthly HSE Awards were organised in January 2014. A total of 31 prizes were distributed, which included LED TV, digital camera, cell phone and bi-cycles. A grand draw was also held where the winner received the grand prize of a Net book.

FLNG Turret project completed 3 million LTI-free man hours and a ceremony was organised to mark this occasion. Project teams were awarded for their outstanding contribution to Health, Safety & Environment. Dr. Markus Voege -VP Operations & Production, received the Award from the clients on behalf of DDW. Senior management personnel of DDW along with teams from client organizations such as Shell (who were the super sponsors), Technip & SBM took an active part in the ceremony and motivated the workforce to continue with their success.

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A C T S A F E L Y WO

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Drydocks World and Maritime World

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Branch of Emirates India International Exchangeinaugurated within Drydocks World premisesA branch of Emirates India International Exchange was inaugurated within Drydocks

World premises on January 22, 2014. The Branch is located within the Junior Sta�

Accommodation.

Drydocks World & Maritime World Sports & Talent events have been

scheduled to start from February 2014. These sports and talent search

activities will enable sta� to balance their work life and go beyond just

work place interaction, foster great team spirit, belonging & enable

sta� from di�erent functions & departments interact as part of one

large family.

Sports & Talent Fest 2014

Name of games / events Event Timeline

Photography

Chess

Badminton

Basketball

Volleyball

Football

Table Tennis

Cricket

Tug O War

02 Feb to 27 Feb 2014

05 Feb to 27 Feb 2014

14 Feb to 22 Feb 2014

12 Feb to 31 Mar 2014

09 Feb to 15 Mar 2014

17 Feb to 31 Mar 2014

16 Feb to 16 Mar 2014

16 Feb to 31 Mar 2014

02 Mar to 31 Mar 2014

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Write to us Drydocks World and Maritime World

P.O. Box 8988, Dubai, UAE

Email us ccom@drydocks.gov.ae

Visit us www.drydocks.gov.ae

We invite contributions from employees,These will be reviewed and published subject

to approval by the Management team.

Please contact us on ccom@drydocks.gov.aeif you have any queries.

Visitor:A delegation led by Prof. Hans-Joerg Schmidt-Trenz, CEO of Hamburg Chamber of Commerce visited Dubai Maritime City and held discussions with His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World. The delegation comprised of Ms. Kirsten Staab, Director, Hamburg Representative O�ce UAE and Ms. Corinna Nienstedt, Director, Head of International Department at the Hamburg Chamber of Commerce.