SINGAPORE (Dow Jones)–Singapore Technologies Engineering Ltd. (S63.SG) Wednesday said that its marine arm won a shipbuilding contract worth about S$171 million from a unit of Swire Pacific Ltd. (0019.HK).
Under the contract from Swire Pacific Offshore Operations Pte. Ltd., ST Marine will build four anchor handling tug supply, or AHTS vessels, ST Engineering said in a statement to Singapore Exchange.
The first vessel is expected to be delivered in the first half of 2013 while the fourth will be delivered in the first half of 2014.
The four vessels will be able to support the latest generation of semi-submersible rigs operating in deep water and harsh environment, the company said in the statement.
-By Gaurav Raghuvanshi; Dow Jones Newswires
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
JERUSALEM, Oct 5 (Reuters) – Israel has deported a further 29 activists detained by the navy last week for taking part in a flotilla that sought to deliver aid to blockaded Gaza, the foreign...
The Boracay, a tanker under Western sanctions on suspicion of being part of Russia's "shadow fleet" and also facing a separate investigation by French authorities, has set sail from where it was anchored off western France, according to MarineTraffic data.
Former U.S. President Joe Biden exceeded his authority by withdrawing large areas along U.S. coastlines from future offshore oil and gas development, a federal judge in Louisiana ruled on Thursday.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
