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STX Europe to Build PSVs for Rem Offshore

STX Europe has entered into new contracts with Rem Offshore for the building of two Platform Supply Vessels. The vessels are of STX Europe PSV 06 design. The vessels are scheduled for delivery in Q4 2011 and Q1 2012. The total contract value is approximately $113.9m. The new vessels are arranged for regular platform supply duties. The vessels are in particular designed for environmental friendly operations with focus on low fuel consumption, and in accordance with Clean Design requirements.