Topaz Signs Contract with Kuwait Oil Company

Press Release
Wednesday, December 12, 2012

Renaissance subsidiary, Topaz Marine Engineering (“Topaz”), a UAE-based full service ship building, ship repair and engineering services company, confirms it has been commissioned by the Kuwait Oil Company (“KOC”) to design, build and deliver 10 Fast Steel Crew /Pilot Boats of 22m LOA (“Crew/Pilot Boats”), market estimates believe the contract value to be in the region of US$50 million.


With a focus on high technology and latest design, the Crew/Pilot boat will be designed to accommodate 30 crew, with passengers all seated on the main deck and will be provided with first quality equipment. The new crew/pilot boats will be providing 24 hours crew transfer service to the vessels anchored in Kuwait waters and will be equipped with oil spill recovery capabilities and latest advanced navigation and communication systems.
 

The boat will be built at Topaz’s Nico Craft Shipyard in Abu Dhabi where the construction will start in the beginning of 2013 with the 10 units scheduled for delivery in Kuwait within 2014.


Thomas Bower, Managing Director of Topaz Marine Engineering, commented: “This contract is another achievement for Topaz Group and confirms our leadership as fast crew/supply boats supply in MENA region. He further says: “International recognition, experience, quality of work and commitment for on-time delivery at Topaz are some of the strengths that helped us win this contract after a competitive worldwide tender process.”


From its main shipyard at Mussafah Industrial Area in Abu Dhabi, Topaz has built a strong reputation for on-time delivery of high-quality offshore vessels. The company has developed into one of the leading shipbuilders in the GCC region with a portfolio of both steel and aluminium vessels and is fully dedicated in providing international standards in the shipbuilding construction which brought the attention of global clients.


Topaz Marine Engineering has had an excellent year. It has delivered two Catamaran Wind Farm boats to UK, has completed two 67m Anchor Handling Supply (AHTS) 80 Tons BP vessels for deployment in the Caspian Sea and West Africa. Furthermore, Topaz was awarded a contract from GAC Group to provide completion services for two crew/cargo vessels which will be delivered within the next weeks and a new 40 passengers ferry is currently under construction.
 

Topaz Marine Engineering provides ship building, marine repair and underwater support services to the offshore supply vessel and engineering markets in the Middle East, North Africa, and Caspian Sea.  The Company has over 35 years of experience and is part of the Topaz Group - a wholly-owned subsidiary of Renaissance Services, an Omani public company listed on the Muscat Securities Market.


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