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Business News of Thursday, 24 January 2019


Tema Shipyard ready to be West Africa’s leading ship repairs company

Workers of Tema Shipyard Limited working on a vessel in the drydock Workers of Tema Shipyard Limited working on a vessel in the drydock

The new life at the Tema Shipyard Limited, among other things, has put the facility in pole position in the sub-region to become the number one heavy steel and aluminum fabrication and dry docking and repair works yard.

What is more, the Tema Shipyard Limited has received an International Organisation for Standardisation (ISO).

Like 2017, a total of 34 ocean-going and fishing vessels called at the drydock for either minor or major repair works in 2018, and the success was a result of new modern equipment the shipyard can boast of, as well as the commitment and dedication of the staff under the leadership of Captain Francis Kwesi Micah, Chief Executive Officer (CEO) of the Tema Shipyard Limited.

The unprecedented performance of the facility, plus the revenue it raked in, furthermore, strategically positions it in the vision of the government to get a strategic investor that has the wherewithal, in addition to in-depth expertise, in ship, dry docking, fabrication and shipbuilding, to manage the shipyard.

Twenty-six strategic investors were vetted by the Transactional Advisors of the government in 2018, and, so far, three firms are currently being assessed and the process is ongoing. The CEO expressed optimism that the final outcome would be significant.

“We hope that by mid-2019, the yard would have been presented with the strategic investor, and with the readiness and commitment of the workers here, Tema Shipyard Limited will be unmatched in West Africa,” Captain Francis Kwesi Micah said at the end of year get-together for the staff of the company.

He commended the workers for increasing their capacity and working hard to ensure that the vision and mission of the facility are realised from 2019.