USA: Bouchard Exercises Option for Extra Articulated Tug Barge

ST Engineering’s US shipyard, VT Halter Marine, Inc.  today announced that Bouchard Transportation Co., Inc.  has exercised its option for an additional Articulated Tug Barge (ATB) unit that was announced on 15 February 2013. The value of this ATB unit is in the region of US$100m (about S$125m).

 Both barges will measure 625 feet by 91 feet by 47 feet and each will have a 250,000-barrel capacity. They will be used to transport liquid petroleum. The barges will be American Bureau of Shipping (ABS) and United States Coast Guard (USCG) certified for Jones Act service. The 10,000hp twin screw ATB tug, classed by ABS as XA1 Towing Vessel, Dual Mode, USCG Sub-chapter M, will be equipped with an Interconnected Coupler System.

The construction of the first barge will begin in April 2013 at VT Halter Marine’s Pascagoula facility, with delivery scheduled in mid 2015. Construction of the second barge will begin in 4Q2013 with delivery scheduled in 1Q 2016.

“With the strong confidence and support from Bouchard Transportation, we will ensure that the two ATBs are built to the highest standards in a timely fashion and to the utmost satisfaction of our Customer,”  said Ng Sing Chan, President, ST Marine.

This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Engineering, March 21, 2013

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >