Damen Shipyards Group and the Government of Curaçao have signed a concession agreement for the future operation of the current Curaçao Drydock Company.
As part of the deal, Damen will establish a new company under the name Damen Shiprepair Curaçao.
Currently, the facilities of Damen Shiprepair Curaçao consist of two graven docks, as well as around 2,000m of repair quays, equipped with 13 cranes.
Damen expects to start up its operations in the two graven docks and on the available quays by the end of October this year.
The deal will also see Damen bring in extra capacity in the form of a floating dock.
In addition, a total of $40m will be invested in the infrastructure and training facilities for personnel.
Damen Shipyards Group CEO René Berkvens said: "Whilst having a long history in building and delivering new ships to customers in the Americas this is the first step in our ambition to play a major role in shiprepair and conversion in the Caribbean area.
"This strategic partnership between Damen and Curaçao fits into our strategy to further expand our repair and service activities worldwide."
It is reported that Damen Shiprepair Curaçao will become part of the Damen Shiprepair & Conversion group which currently operates 40 dry docks in 15 shipyards around the world.
Image: Damen Shipyards Group CEO René Berkvens, Curaçao Minister of Economic Development Eugene Rhuggenaath and CDM Holding managing director Getmar Caldera. Photo: courtesy of Damen Shipyards Group