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Liberty House in discussions to acquire ABG Shipyard

Liberty House in discussions to acquire ABG Shipyard

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Liberty House Group, the UK-based global metals and engineering firm controlled by billionaire Sanjeev Gupta, is in discussions to buy out India’s debt-laden ABG Shipyard with a view to adding shipbreaking to its range of business operations.

ABG has sought investors for a long time. It became India’s largest privately held shipyard before entering severe financial difficulties with bankruptcy proceedings initiated against it last month. It is involved in repair as well as newbuildings.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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