The ship repair specialists, BSE Maritime Solutions have acquired Cairns Slipways after an 18-month receivership. Receivers McGrathNicol have announced that the sale transaction has been completed. BSE have intentions to formally start managing the operations of Cairns Slipways in February, 2012. The acquisition of Cairns Slipways adds important resources to BSE’s existing ship repair business.
BSE Maritime Solutions
“Cairns Slipways is an important strategic fit to the planned growth of BSE Maritime Solutions” said BSE’s Business Development Manager Mr. Denis Maher. “Cairns Slipways is a unique marine repair and refit facility with its 1,200 tonne slipway, 60 meter drydock, 300 metres of fit-out wharfage, refit sheds and skilled work force. We are excited about the opportunity to be involved with such a tremendous site.”
“The site has a number of challenges but the local support is very strong and we believe this is a crucial factor in ensuring the future success of the shipyard” said Mr. Maher. “We are confident that with this facility and our experience the business can continue to set new standards in the repair and refit of luxury yachts, defence and commercial vessels for many years to come.”
Cairns Slipways employs a large skilled workforce. The 16 companies that form the Provik Pty Ltd Group of Companies were placed in receivership on July 15, 2010.
McGrathNicol have received widespread interest in the sale of the Cairns Slipways business and associated properties at Portsmith since the sale process commenced in October 2010. BSE was appointed preferred bidder in March 2011.
About BSE Maritime Solutions:
BSE Maritime Solutions operates a 2500 tonne slipway and ship repair facility on the banks of the Brisbane River at Colmslie. BSE provides a comprehensive range of ship repair services to shipping operators in the South Pacific region, repairing and maintaining a variety of vessel types including superyachts, ferries, tugs, barges, dredgers, and coastal freighters.
Over many years of delivering superior service, quality and reliability, BSE has earned the trust of its clients and developed a reputation as leaders in the ship care and repair industry.
BSE Maritime Solutions is an AS/NZS 9001:2008 quality assured supplier, a member of The Australian Ship Repairers Group, a platinum member of SuperYacht Base Brisbane, a corporate member of SuperYacht Group Great Barrier Reef and a foundation committee member of the Queensland SuperYacht Alliance.
