The Agreement includes knowledge transfer for the construction of the vessel and the upgrade of the customer’s shipyard

May 12, 2021. Israel Shipyards Ltd. – a leading shipbuilding and repair company in the Eastern Mediterranean serving naval and commercial marine markets – won a tender to supply an East Asian Navy with its SHALDAG MK V vessel. The Agreement ‒ which was signed between Israel Shipyards, the Israeli Ministry of Defense, and the customer ‒ includes the transfer of knowledge regarding the construction of the vessel, as well as the preparation of the customer’s shipyard for vessel construction through an upgrade of the shipyard. Israel Shipyards will also conduct training at the customer’s facility regarding construction of the SHALDAG MK V sections as well as maintenance of the vessel.

SHALDAG MK V ‒ the largest member of the SHALDAG Class ‒ is a combat-proven, all-aluminum, light and fast vessel with high payload capacity, providing exceptional maneuverability and seakeeping. Delivering a high firepower-to-displacement ratio, it is designed to operate in naval security missions and is a recognized leader in the protection of Exclusive Economic Zones (EEZ) and littoral waters.

Remarking on the award of the tender, the company’s CEO, Eitan Zucker, said,

“At Israel Shipyards we work tirelessly to enable our customers to receive a comprehensive and long-term solution for their various needs in securing their maritime borders ‒ from the construction of vessels suitable for missions in the region, to knowledge transfer services that enable long-term savings for the customer. We are thankful for the fruitful cooperation with the Ministry of Defense and the customer.”

About Israel Shipyards Ltd.

Israel Shipyards Ltd. is one of the largest privately owned shipbuilding and repair facilities in the Eastern Mediterranean. The manufacturing and repair plant is spread over 330,000 sq. meters with 45,000 sq. meters of under-roof facilities and a wharf length of 900 meters. Israel Shipyards operates a syncrolift with 3000 tons of lifting capacity and has a total berthing area length of 1000 meters with 12 meters of water depth. The company’s main offerings cover SAAR class missile corvettes including SAAR 4, SAAR 4.5 and SAAR S-72, Offshore Patrol Vessels (OPVs), fast patrol craft including SHALDAG MK II – MK V, commercial ships, tugboats, and multipurpose boats. Over the past decades, the company has built and delivered a large number of these vessels, which are in active service in the Israeli Navy as well as in the navies, coast guards, and law enforcement authorities of countries around the world. Israel Shipyards employs about 500 people, including more than 35 engineers in the design department. Its management is comprised of highly experienced and skilled professionals with extensive naval and technical backgrounds.