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ADSB Signs Strategic Agreement With Halmatic

Maritime Activity Reports, Inc.

July 12, 2001

Abu Dhabi Ship Building (ADSB) has formed a strategic agreement with Halmatic Ltd., U.K. According to ADSB's managing director, Lawrence Holliday, the agreement calls for ADSB and Halmatic to work together in the marketing and building of Halmatic-designed vessels for customers throughout the entire Gulf region. Halmatic, which is a division of Vosper Thornycroft, is one of the leading designers and builders of vessels using glass reinforced plastic (GRP) and advanced composite materials.

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