Dr Alexander Adusei
To be among the top three dry-docking and shipbuilding yards in Africa by the year 2030.
To combine facilities, appropriate technology and employees for the delivery of high quality professional oil and marine services that meet our client’s requirements in a healthy, safe and friendly environment.
Being open and honest in all our dealings with customers and maintaining the highest level of Integrity.
We are committed to creating a caring organization.We view Zero Harm to people and environment as
an integral part of our business.
We strive for excellence through continual improvement and innovation.
The construction of Tema Shipyard and Dry-dock (“the Shipyard”) was commenced in 1964 by the government of Ghana during the construction of the Tema Harbour as part of the overall infrastructure requirement for Ghana’s maritime industry. It was originally designed to be the largest dock between the Cape of Good Hope (South Africa) and the southern tip of Europe. It is located on a 48.45-acre land, adjacent to the Port of Tema.
It operated as part of the port authority until 1970 when the government of Ghana assigned the management of the Shipyard to the Tema Shipyard and Dry-dock Corporation, a statutory corporation created under Legislative Instrument (L.I) 676 as a state owned enterprise. The Corporation operated the Shipyard until the mid-1990s, when as part of the then government’s divestiture programme, the Corporation was converted into a company called – Tema Shipyard and Dry-dock Company Ltd (TSDC). In 1996, the government divested sixty (60) percent of its interests in the company to a strategic partner, Penang Shipbuilding and Construction (“Penang”) of the Business Focus Group and the name of the company was changed to PSC Tema Shipyard. Penang was subsequently acquired by Boustead Heavy Industries (“Boustead”) which took over the sixty (60) percent shareholding in the company.
Although the goal of the divestiture was to help transform the shipyard into a modern, well-equipped facility to meet the nation’s strategic objectives, both Penang and Boustead failed to make the required investment leading to a court action by government of Ghana against Penang/Boustead. Subsequently, Boustead (with Penang’s concurrence) agreed to sell its shares to the government of Ghana which government of Ghana (through the Ghana Ports and Harbours Authority, ‘GPHA’) duly paid for to regain its 100 per cent ownership of the shipyard together with its assets.
Being a maritime infrastructure, coupled with GPHA’s own proven ability to successfully manage maritime infrastructures, the government handed over the shipyard to the GPHA to manage, operate and eventually attract investors into the shipbuilding activity.