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financial difficulties in the PSC-Naval
Dockyard. Reports of nonpayment to some 40 sub contractors who were owed RM180 million was met by surprise. PSC-ND also failed to remit some RM4 million in contributions to the Employees Provident Fund (EPF), the Inland Revenue Board and the National Co-operative Organisation despite having made salary deductions from its 1,500 staff. PSC-ND has also reportedly sought another advance of 1.8 billion ringgit from the government to complete the vessels.
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The contract also involved technology transfer to PSC-ND from German side as well as to specified a local content of not less than 30 percent, and an offset program of not less than 30% of the contract value. The German Naval Group is also to make a counter purchase obligation amounting to 11% of the
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Under the intervention of
Malaysian Government, a new management team was put in place and the project was revived. The Boustead Heavy Industries Corporation, took up 37% of stake and became the single largest shareholder of PSCI. As a division of PSCI, PSC-ND therefore taken over by Boustead Heavy
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In 2005, Public
Accounts Committee (PAC) unveiled serious corruption in the PCS-ND and caused solemn concern from the public. Under pressure of the public, Malaysian government enforced a reorganize result the PCS-ND to be taken over by Boustead Heavy Industries Corporation and renamed as Boustead
127:, the dockyard was corporatised as Royal Malaysia Navy Dockyard, a wholly owned government company. It has modern facilities to meet the total maintenance requirements of the Royal Malaysian Navy fleet, from hull repairs to major overhauls and from radar refitting to weapon systems refurbishment.
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In 2005, the Public
Accounts Committee (PAC) brought up the public attention after unveiled serious corruption in the PSC-ND management and particular failed to meet the due date of the first NGPV vessel. Local media revealed that the construction of the remaining vessels was also delayed due to
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The submarines are owned by
Rotterdamsche Droogdok Maatschappij, while PSC Naval Dockyard was to be the prime partner for the program. Many thought the 2 vessels had been purchased by the Royal Malaysian Navy but this was not the case. Among RDM's competitors in the submarine project were
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The company was taken over by Penang
Shipbuilding Corporation Berhad, a company in the stable of entrepreneur Amin Shah Omar Shah, now declared a bankrupt, and renamed PSC - Naval Dockyard Sdn Bhd to reflect the corporate relationship with Penang Shipbuilding Corporation.
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was to build the first two ships, while the PSC-ND was to complete the final fitting out and trials. The remaining ships were to be built at the PSC-Naval
Dockyard from ship modules supplied by the GNG, with a gradual increase of local content.
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The PAC claimed that RM120mil would be needed to salvage the first two OPV vessels, and that the
Government also needed to pump in at least RM80mil to pay off local vendors, suppliers and contractors. This led the NGPV program into crisis.
151:(RMN). An international invitation for bids was invited, from Germany, the United States, Australian and Britain amongst others submitting their bids. PSC-ND was set to join venture with the winner to complete the program.
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The two vessels were eventually delivered and accepted by the Royal
Malaysian Navy in 2006, a delay of some 18 months. The two new ships, KD Kedah and KD Pahang were commissioned in June and August 2006 respectively.
236:’s planned purchase of submarines. The two submarines were to have been refurbished and used as training submarines while the new submarines are built in the Netherlands.
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100 design, won the bid. A contract was signed on 13 October 1998 for an initial six units, with the GNG as the major sub-contractor. Member of the GNG, the
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103:(RMN) fleet. However, a management and financial crisis in 2005 result the Malaysian Government to enforced the PSC-ND to be taken over by
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facilities which was to provide ship repairs and maintenance services. Under the corporatisation program advocated by the
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PSC - Naval
Dockyard Sdn Bhd was made the major contractor for the building and delivery of the
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214:(RDM) appointed PSC Naval Dockyard as their partner and ambitiously brought two former
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Industries Corporation and renamed as Boustead Naval Shipyard Sdn Bhd.
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Penang Shipbuilding and Construction - Naval Dockyard Sdn Bhd (PSC-ND)
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contract value. The class of ship has now been classified as the
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107:and renamed as Boustead Naval Shipyard Sdn Bhd.
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158:(GNG) with their proposed model, based on the
139:New Generation Patrol Vessels (NGPV) contract
323:"The Star - Boustead buys 30% of PSC-Naval"
115:PSC - Naval Dockyard was born out of the
248:and another German company that offered
244:whose submarines are used by Singapore,
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295:"Greed and graft in dockyard scandal"
105:Boustead Heavy Industries Corporation
358:Former defence companies of Malaysia
343:Privately held companies of Malaysia
212:Rotterdamsche Droogdok Maatschappij
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363:2005 disestablishments in Malaysia
353:Shipbuilding companies of Malaysia
180:Kedah Class Offshore Patrol Vessel
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368:Companies disestablished in 2005
186:Financial and delivery problems
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145:New Generation Patrol Vessels
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16:Malaysian maritime company
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263:submarine for training.
135:Naval Shipyard Sdn Bhd.
232:in anticipation of the
29:Private Limited Company
348:Shipbuilding companies
216:Royal Netherlands Navy
234:Royal Malaysian Navy
149:Royal Malaysian Navy
125:Malaysian Government
117:Royal Malaysian Navy
101:Royal Malaysian Navy
250:Type 209 submarines
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156:German Naval Group
20:PSC-Naval Dockyard
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246:DCN International
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160:Blohm + Voss
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65:Headquarters
39:Shipbuilding
25:Company type
337:Categories
267:References
223:Tijgerhaai
219:submarines
207:Submarines
111:Background
229:Zwaardvis
121:dockyard
97:Malaysia
76:Malaysia
35:Industry
256:and an
242:Kockums
169:-based
167:Hamburg
57:Defunct
49:Founded
43:Defence
281:"BHIC"
261:-class
259:Agosta
93:Perak
89:Lumut
70:Lumut
226:and
163:MEKO
154:The
60:2005
52:1995
119:’s
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