Singmarine Wins $34 Million Contract

Singmarine Industries won a $34 million contract from F.T. Everard & Sons Ltd. of the U.K. to build a pair of coastal tankers for ocean petroleum products. The contract to build the two 3,700-dwt vessels was reportedly won against stiff international competition.

The first of the vessels is expected to be delivered by the fourth quarter of 1996, with the second delivered in the first quarter of 1997.

"We appreciate the confidence of F.T. Everard & Sons in Singmarine's capability and experience demonstrated by their awarding the building of the two coastal tankers to us," said Toh Ko Lin, executive director, Singmarine.

The vessels will measure 288.7 ft. (88 m) long and 54 ft. (16.5 m) wide, capable of a service speed of 12.5 knots. They will be of doublehulled construction and reportedly state-of-the-art in regards to cargo handling and monitoring systems.

Each vessel will have complete segregation of up to five grades of cargo, with a total capacity of 4,250 cu. m. For more information on Singmarine Circle 190 on Reader Service Card