Timsah Shipbuilding company

What Timsah Shipbuilding company does

Timsah Shipbuilding Company is an Egyptian state-owned shipbuilder and marine services provider, founded in 1961 and headquartered in Ismailia, Egypt. The company operates two shipyards — its main facility in El Temsah City, Ismailia and a secondary yard in Alexandria — and is a wholly-owned subsidiary of the Suez Canal Authority, which positions it as a strategic supplier to Egyptian maritime infrastructure. Its portfolio spans vessel construction (tugboats, ferries, warships, offshore support vessels), ship repair and maintenance, SPM (Single Point Mooring) repair, underwater diving services, service boat construction, marine vessel charter, and CNC machining.

The company's technical capabilities center on conventional shipbuilding with DP2 (Dynamic Positioning System Class 2) certification on multiple vessels, and it has recently expanded into higher-complexity offshore support vessels — notably the FAKHR 1, Egypt's first Geo Survey Vessel, built in partnership with a Chinese yard for Red Sea oil & gas operations. Core technology is industrial rather than software-driven: shipyard infrastructure, steelwork, marine engineering, and certified diving operations. The firm holds ISO 9001, ISO 14001, IMCA, DQS, and DNV certifications.

Timsah generates revenue through five streams: shipbuilding (project-based new vessel construction), ship repair (maintenance services for tugs, ferries, warships), SPM repair, diving and underwater services, and marine vessel hire/charter. Go-to-market is B2B enterprise sales targeting the government maritime sector (Suez Canal Authority, Damietta, Alexandria, and Port Said Port Authorities) and oil & gas clients (Petrobel). Procurement is tender-based, with disclosed tender document fees and per-project pricing. The company does not publish revenue, operates without external funding, and is led by a state-appointed Chairman (currently Eng. Ahmed Ibrahim, since 2024).

Name

Timsah Shipbuilding company

Legal name

Timsah ShipBuilding Company

Website

https://timsahc.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Timsah Shipbuilding Company is an Egyptian state-owned shipbuilder and marine services provider, established 1961 as a subsidiary of the Suez Canal Authority, serving government maritime authorities and oil & gas clients from shipyards in Ismailia and Alexandria.

Ownership category

akta.pro rank

Product category

Shipbuilding & Marine Vessel Construction

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), Support Activities for Water Transportation (4883)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Offshore Barge & Tender Assist Vessel Construction (IMAJACAH)

akta.pro secondary industries

Hull, Structure & Steelwork Repair (TLAKAKAE), Underwater Hull Inspection, Cleaning & Propeller Services (TLAKAKAJ), Naval & Government Vessel Maintenance & Modernization (TLAKAKAB), Surface Combatants (Destroyers, Frigates, Corvettes) (IMAJABAA)

Keywords

• Shipbuilding services
• Ship repair
• Marine vessel construction
• Offshore support vessels
• Tugboat construction

Headquarters

HQ city

Ismailia

HQ country

Egypt

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Shipbuilding: Construction of new vessels including tugboats, ferries, warships, offshore support vessels, and specialized marine craft
2. Ship Repair: Maintenance and repair services for various vessel types including tugs, ferries, and warships
3. Marine Vessel Hiring: Charter and lease of marine vessels to maritime and energy sector clients
4. SPM Repair: Single Point Mooring repair and maintenance services
5. Diving & Under Water Activities: Underwater marine services including inspections, maintenance, and construction support

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Timsah Shipbuilding Company designs, constructs, and repairs marine vessels including tugboats, ferries, warships, and offshore support vessels. The company also provides Single Point Mooring (SPM) repair, diving and underwater services, service boat construction, marine vessel charter/hire, and CNC machining services from its shipyards in Ismailia and Alexandria, Egypt.

Product overview

Timsah Shipbuilding Company is a shipbuilding and maritime services provider offering a unified portfolio of vessel construction, repair, and marine support services. The core offerings include shipbuilding (construction of tugs, ferries, warships, offshore vessels) and ship repair/maintenance services, supplemented by specialized services such as SPM repair, diving & underwater activities, service boat construction, marine vessel hiring, and CNC machining. Notable vessels produced include the Azima-class tugboats (TIM AZIMA series) and the FAKHR 1 Integrated Offshore Supply & Oilfield Services Vessel. The company operates from shipyards in Ismailia and Alexandria, Egypt.

Differentiator

Problem solved

Functional benefit

Products and services

• Shipbuilding Construction of new vessels including tugs, ferries, warships, and offshore support vessels, fully designed and built at the company's Ismailia and Alexandria shipyards.
• Ship Repair Comprehensive ship repair services for various vessel types including tugs, ferries, and warships, covering maintenance and overhaul needs.
• SPM Repair Single Point Mooring (SPM) repair and maintenance services supporting offshore maritime operations.
• Diving & Under Water Activities Underwater diving services and marine activities supporting ship repair, inspections, maintenance, and construction support.
• Service Boats Construction and maintenance of service boats for various maritime operations.
• Hiring Marine Vessel Marine vessel leasing and charter services providing maritime and energy sector clients access to operational vessels.
• CNC Machining CNC machining services for precision manufacturing and fabrication supporting vessel construction and repair.
• TIM AZIMA Tugboat Azima-class tugboat for marine guidance and maneuvering operations, constructed at Timsah's Ismailia shipyard.
• FAKHR 1 Integrated Offshore Supply & Oilfield Services Vessel DP2 Integrated Offshore Supply and Multi-Purpose Support Vessel; first Egyptian Geo Survey Vessel designed for marine site investigations and oil & gas exploration. Length Overall: 64.8m, Beam: 16.0m, Draft: 5.0m, Accommodation: 60 Persons.

Quantifiable outcome

• First Egyptian vessel equipped for Geo Survey operations supporting marine geotechnical investigations and offshore oil & gas exploration

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• PetrobelcoreStrategic or Co-development Partner · 11 June 2025Oil and gas sector partnership with lease agreement for Tim Azima 1 tugboat. Petrobel is a leading maritime energy sector company. The partnership includes contracted operations for FAKHR 1 vessel in Abu Rudeis, Red Sea starting July 2026.
• Suez Canal AuthorityflagshipStrategic or Co-development PartnerParent company and primary strategic partner. Timsah Shipbuilding is a subsidiary of the Suez Canal Authority, established in 1961. The partnership provides preferential positioning for government maritime contracts and strategic alignment with Egypt's maritime infrastructure development.
• Damietta Port AuthorityminorStrategic or Co-development PartnerPort authority partner displayed in company partnerships section
• Alexandria Port AuthorityminorStrategic or Co-development PartnerPort authority partner displayed in company partnerships section
• Portsaid Port AuthorityminorStrategic or Co-development PartnerPort authority partner displayed in company partnerships section

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Lamprell Energy: UAE-based provider of fabrication, engineering, and vessel construction services for the offshore energy sector. Comparable to Timsah in mid-complexity offshore vessel and rig construction, with similar regional MENA focus and oil & gas customer base.
• Damen Shipyards Group: Dutch shipbuilder with extensive portfolio of tugboats, workboats, offshore support vessels, and naval vessels. Damen's product mix (tugs, OSVs, ferries, patrol craft) directly overlaps Timsah's Azima-class tugboats and FAKHR 1-style offshore vessels, making it the most direct international comparable.

Regional players

• Drydocks World: UAE-based ship repair, conversion, and new-build yard in Dubai. Competes with Timsah for regional MENA repair and offshore vessel work, with comparable service offerings in ship repair, conversion, and offshore construction.
• Eastern Marine Shipyard (Egypt): Egypt-based shipyard operating in the Port Said region with shipbuilding and repair capabilities. As a domestic Egyptian competitor, Eastern Marine competes directly with Timsah for Egyptian maritime authority contracts and Suez Canal-related work.
• Arab Shipbuilding and Repair Yard (ASRY): Bahrain-based shipbuilding and repair yard serving the MENA region. ASRY operates in the same geographic market as Timsah with similar ship repair and shipbuilding capabilities, but is established as a GCC-focused facility rather than Egypt/Suez Canal-centric.

Broad incumbents

• Hyundai Heavy Industries: South Korea's largest shipbuilder with global leadership in commercial vessels, offshore platforms, and naval ships. Represents the high-capital, high-throughput end of shipbuilding that sets competitive benchmarks for productivity, pricing, and complex vessel capability.
• Sembcorp Marine: Singapore-based global shipbuilder and offshore engineering group with capabilities in offshore platforms, drilling rigs, and specialized vessels. While much larger in scale, Sembcorp Marine competes for offshore oil & gas vessel contracts that Timsah is increasingly targeting with FAKHR 1 and similar programs.
• Fincantieri: Italian global shipbuilding group with extensive naval, cruise, and offshore vessel operations. Competes with Timsah for naval and government vessel contracts in the Mediterranean region and represents the international benchmark for naval shipbuilding capability.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/timsah.shipbuilding
• LinkedInlinkedin.com/company/timsah-shipbuilding-company

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Timsah Shipbuilding company