TRIYARDS acquires shipbuilding and fabrication companies Strategic Marine and Strategic Marine in Vietnam
TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has added new capabilities, products and clients with its latest acquisition of experienced shipbuilding and fabrication companies, Strategic Marine (S) Pte Ltd and Strategic Marine (V) Co. Limited (collectively termed Strategic Marine), the company announced in its press release.
Strategic Marine has been building aluminium and steel vessels as well as complex aluminium and steel structures for the marine infrastructure and mining sectors for over 10 years. Its two yards – one in Vung Tau, Vietnam, and the other in Singapore – with a total area of 158,648 m 2 will increase the Group’s yard capacity by over 67 % (excluding Houston) . Strategic Marine’s Vietnam yard (area: 147, 600 m 2 ) is also strategically sited very close to TRIYARD S’ existing 134,000 m 2 Vung Tau facility and offers operational synergies and room for growth.
TRIYARDS’ Chief Executive Officer, Mr Chan Eng Yew , said: “ Strategic Marine is a good fit for TRIYARDS as we work to build our name in fabrication and engineering solutions and move beyond the construction of Oil & Gas product lines adding capabilities and products which would target a wider clientele base. “ Besides immediately expanding our product range, we will also have access to the client and market base of Strategic Marine .
TRIYARDS currently owns and operates fabrication yards in Ho Chi Minh City and Vung Tau in Vietnam, as well as yards in Houston in the United States (TRIYARDS Houston) and Singapore. The Group’s recent acquisition of experienced aluminium shipbuilders Strategic Marine (S) Pte. Ltd. and Strategic Marine (V) Company Limited adds both new fabrication capacity as well as engineering capabilities. TRIYARDS’ yards in Vietnam a reequipped with heavy - lift gantry cranes and deepwater berths, and both yards have the capability to undertake large - scale projects to fabricate different components of fixed platforms, as well as vessel conversion and construction. TRIYARDS Houston produces equipment such as cranes, A - frames and winches, which can be installed on the self - elevating units and offshore support and construction vessels fabricated in Vietnam.
