Triyards Clinches Multiple Vessel Orders
Image Courtesy: TriyardsSingapore Exchange-listed Triyards Holdings Limited continues to push beyond the offshore oil & gas (O&G) sector with its latest string of contracts worth USD 45.5 million, despite the current environment.
One of the newly minted contracts will see the group construct a scientific research vessel for a new client Taiwan Ocean Research Institute, National Applied Research Laboratories (TORI), a Taiwan government agency.
Slated for completion in the financial year ending 31 August 2017 (FY17), the diesel electric-powered workboat worth in excess of USD 26.4 million will be used to support on-going research activities of the TORI.
The other orders were secured by wholly-owned Strategic Marine and include two 26-metre wind farm crew transfer vessels, which will support opportunities in the renewable energy sector, as well as a 36-metre high speed passenger ferry.
Strategic Marine will also be busy with aluminium and steel fabrication work such as pontoons and gangways.
The vessel contracts were awarded by new clients based in the United Kingdom and New Caledonia.
“Over the past year, not only were we able to swiftly grow our orderbook, but we have also diversified our client and product mix, entrenching ourselves further in new areas such as the renewable energy sector.
“We will continue to extend the reputation we have established in the O&G sector to strengthen our position in new industries with good growth opportunities,” Triyards’ Chief Executive Officer, Chan Eng Yew, said.
