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
The UK government has announced a significant investment of £300 million through Great British Energy to strengthen the nation’s offshore wind manufacturing capabilities and supply chains. The investment will focus...
(Bloomberg) — Orsted A/S shares dropped almost 10% on the first day of trading since President Donald Trump’s administration ordered another developer to halt construction of a wind farm off...
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.
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
