PSC-Naval Dockyard
From Wikipedia, the free encyclopedia
| Company type | Private Limited Company |
|---|---|
| Industry | Shipbuilding Defence |
| Founded | 1995 |
| Defunct | 2005 |
| Headquarters | , |
Penang Shipbuilding and Construction - Naval Dockyard Sdn Bhd (PSC-ND), was a division of the Penang Shipbuilding and Construction Industries Bhd (PCSI), a Malaysian shipbuilding company based in Lumut, Perak, Malaysia. The company's primary role is to maintain the Royal Malaysian Navy (RMN) fleet. However, a management and financial crisis in 2005 result the Malaysian Government to enforced the PSC-ND to be taken over by Boustead Heavy Industries Corporation and renamed as Boustead Naval Shipyard Sdn Bhd.[1]
PSC - Naval Dockyard was born out of the Royal Malaysian Navy’s dockyard facilities which was to provide ship repairs and maintenance services. Under the corporatisation program advocated by the Malaysian Government, the dockyard was corporatised as Royal Malaysia Navy Dockyard, a wholly owned government company. It has modern facilities to meet the total maintenance requirements of the Royal Malaysian Navy fleet, from hull repairs to major overhauls and from radar refitting to weapon systems refurbishment.
The company was taken over by Penang Shipbuilding Corporation Berhad, a company in the stable of entrepreneur Amin Shah Omar Shah, now declared a bankrupt, and renamed PSC - Naval Dockyard Sdn Bhd to reflect the corporate relationship with Penang Shipbuilding Corporation.
In 2005, Public Accounts Committee (PAC) unveiled serious corruption in the PCS-ND and caused solemn concern from the public. Under pressure of the public, Malaysian government enforced a reorganize result the PCS-ND to be taken over by Boustead Heavy Industries Corporation and renamed as Boustead Naval Shipyard Sdn Bhd.[2]
New Generation Patrol Vessels (NGPV) contract
PSC - Naval Dockyard Sdn Bhd was made the major contractor for the building and delivery of the New Generation Patrol Vessels (NGPV) for the Royal Malaysian Navy (RMN). An international invitation for bids was invited, from Germany, the United States, Australian and Britain amongst others submitting their bids. PSC-ND was set to join venture with the winner to complete the program.
The German Naval Group (GNG) with their proposed model, based on the Blohm + Voss MEKO 100 design, won the bid. A contract was signed on 13 October 1998 for an initial six units, with the GNG as the major sub-contractor. Member of the GNG, the Hamburg-based Blohm + Voss was to build the first two ships, while the PSC-ND was to complete the final fitting out and trials. The remaining ships were to be built at the PSC-Naval Dockyard from ship modules supplied by the GNG, with a gradual increase of local content.
The contract also involved technology transfer to PSC-ND from German side as well as to specified a local content of not less than 30 percent, and an offset program of not less than 30% of the contract value. The German Naval Group is also to make a counter purchase obligation amounting to 11% of the contract value. The class of ship has now been classified as the Kedah Class Offshore Patrol Vessel. As of early 2008, four vessels were delivered to the navy.