ES Group launches second bunker tanker
Singapore-based ES Group has launched a second bunker tanker Sea Tanker II of 3,400 dwt in size from its subsidiary shipyard in Thailand, Seatrade Asia online reports.
The Singapore-listed marine and offshore group involved in new building, conversion and repair of ocean-going vessels expects to recognise the gain on the sale of the bunker tanker upon delivery in the second half of the financial year ending 31 December 2012.
ES Group had launched its first bunker tanker Sea Tanker I on 2 June 2012. Both the double-hull bunker tankers are sold to Singapore-based bunker trader Sea Hub Tankers.
ES Group was responsible for providing the engineering, procurement and construction (EPC) services for Sea Tanker II.
“The successful launch of the second bunker vessel on schedule underscores ES Group's capabilities and positions us as a reliable EPC contractor in the offshore and marine industry,” said Christopher Low, chief executive of ES Group.