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Tema Shipyard Bounces Back, Needs More Capital Injection   
 
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09-Jun-2019  
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The PSC Tema Shipyard Limited, host to one of the largest shipyards and dry-docks on the African continent, has bounced back into activity and operation, but needs capital injection of about US$ 250 million for initial full operations.

Workers are on site, with some ship engineers attending to ship repairing and servicing as other workers engage in infrastructural and environmental facelift of the yard.

The lull in the operations of the yard is giving way to rejuvenation to make room for the expected expansion in anticipation of the growth in fabrication of facilities to satisfy local content requirements and meet the demands of the nascent oil and gas industries.

The PSC Tema Shipyard Limited operated at losses with previous Malaysian Managers, but is seeing a revival as a result of the Government of Ghana, stepping in through the Ghana Ports and Harbours Authority (GPHA), since 2016, to offer assistance.

The collaboration with the GPHA has resulted in the procurement of some operational equipment for the yard, and the facility, though not fully operational, has bounced back, with the hard work and resilience of the more than 270 workers.

Captain Francis Kwesi Micah, Chief Executive Officer (CEO) of the facility PSC Tema Shipyard Limited told the Ghana News Agency (GNA) in an interview on the state of operations of the facility that, it is poised for action to bring to full operations in shipbuilding, ship repairs and engineering services in the maritime industry.

He said the company, in 2018, received an International Organisation for Standardization (ISO) and with the requisite equipment, had the capacity to repair 2,500 vessels annually.

Citing obsolesce of equipment as the principal challenge of the shipyard, Captain Micah, himself a shipmaster and until his appointment as Marine Services Manager of the Takoradi Port, said there was a steady improvement in the number of ocean-going vessels since the GPHA partnered it in 2016 and acquired some equipment.

In 2017, there were 16 vessels at the yard for either minor or major repair works. The number increased to 34 in 2018 and was maintained in 2019.

Captain Micah attributed the increase in operations to the resilience, hard work, and of competence the workers, which has resulted in no return jobs of vessels coming back with complaints of shoddy or unsatisfied work.

“The efficiency of the workers is above board,” the CEO said, assuring that Management would continue with sound practices to raise their morale to give of their best.

He stressed the need to bring its infrastructure at par with other leading shipyards.
 
 
Source: GNA
 
 

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