TRIYARDS extends product range to escort tugs for a new client
TRIYARDS Holdings Limited has extended its product range to escort tugs for new client Greenbay Marine Pte Ltd, a Singapore - based international specialist marine craft group, the company said in its press release. Worth some US$12.8 million, the contract is for four RAstar 3400 Azimuth Stern Drive Tugs (excluding owner - furnished equipment), and expected to be delivered by early 2017.
Powered by 4,400 kW engines , each of the 34 - metre tugs will be specially constructed for e scort operations in adverse sea and weather conditions. The newbuild contract adds to TRIYARDS’ growing earnings visibility for the financial year ending 31 August 2017 (FY17).
The Group’s orderbook was US$ 564 million as at Oct 2015 comprising nine liftboats, two Multi - Purpose Support Vessels, three chemical tankers, a variety of aluminum craft, a Float ing Production, Storage and Offloading vessel turret as well as two industrial fabrication projects, all in various stages of construction.
TRIYARDS offers a broad spectrum of engineering and fabrication services that are marketed under the “TRIYARDS” brand. The Company currently owns and operates fabrication yards in Ho Chi Minh City and Vung Tau in Vietnam, as well as design and engineering facilities in Houston, Un ited States and Singapore. The Group’s acquisition of experienced aluminium shipbuilders Strategic Marine (S) Pte. Ltd. and Strategic Marine (V) Company Limited in October 2014 adds both new fabrication capacity as well as engineering capabilities in aluminium. The Group’s yards in Vietnam are equipped with heavy - lift gantry cranes and deepwater berths, and both facilities have the capability to undertake large - scale projects to fabricate different components of fixed platforms, as well as vessel conver sion and construction. TRIYARDS Houston provides the designing and engineering of offshore equipment s 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.
