UT 737 Island Frontier

Island Offshore Sends Contract to STX OSV for Newbuild Subsea Support Vessel

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March 19, 2012

SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG) Monday said it had got a new contract for the construction of an advanced subsea support vessel for Island Offshore, worth more than NOK500 million (S$109 million).

Delivery of the Rolls Royce’s UT 737 CD-design vessel is scheduled for the first quarter of 2014, the company said in a statement to the Singapore Exchange.

-By Matthew Allen, Dow Jones Newswires

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