Singapore-based marine logistics group, Marco Polo Marine is expanding their business into the offshore drilling sector with their latest order today with PPL Shipyard for a Pacific Class 400 jack-up rig.
The company’s current involvement in the offshore sector is limited to the chartering of their fleet of anchor handling tugs and one crewboat in the SE Asia region.
According to a statement by PPL Shipyard, a Sembcorp Marine subsidiary, the turnkey contract is worth US$214.3 million and includes an option for two additional rigs. Delivery is scheduled for Q4 2015.
Mr Wong Teck Cheong, Managing Director of PPL Shipyard, notes this order is the 44th such order for the Pacific Class design placed with their yard since 2004. 35 are currently in operation.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday.
A South Korean shipbuilder plans to construct the first US-built liquefied natural gas tanker, following sweeping recommendations from a US trade agency that would tax ships made in China and aim to combat the Asian nation’s dominance in the industry.
South Korean shipbuilder Hanwha Ocean has marked its entry into the deepwater drilling operations sector with the naming ceremony of its next-generation drillship ‘Tidal Action’. The vessel includes advanced capabilities,...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
