TRIYARDS Bags $ 22 mln CPC Contracts

by Joseph R Fonseca
Wednesday, December 30, 2015

 

TRIYARDS Holdings Limited has secured contracts to build two oil barges worth NTD 716 million (equivalent to approximately about US$21.82m) from a new client, CPC Corporation, a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market.

The new contract wins are for the construction of a pair of oil barges intended for coastal service and the supply of bunker fuel to vessels in Taiwan's harbour and coastal areas to be delivered in 2QFY18.
 
Mr. Chan Eng Yew, TRIYARDS’ Chief Executive Officer, said: “This attests to our continued efforts to diversify our orderbook beyond the traditional O&G sector. Not only have we broadened our product range but we have also added another blue-chip name to our growing pool of clients.”
 
“With our flexibility in engineering and fabrication solutions, TRIYARDS is well positioned to address opportunities beyond the O&G sector.”

People & Company News

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Technology

Norsepower Secures Funds for World’s Largest Rotor Sail

Norsepower Oy Ltd., today announces that it has been selected to receive €2.6M in funding to further its research and development of the Norsepower Rotor Sail Solution technology.

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

Better Turbocharger Performance, Proven Tech

Engineer wisdom: Nothing is worse as the right idea at the wrong time. But with the new ECOCHARGE Two-Stage Turbocharging System MAN D&T has reached both goals.

Contracts

J.F. Lehman Acquires Heavy Equipment Group of Oldenburg Group

J.F. Lehman & Company (“JFLCO”) has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

25 Kalmar Forklift for Algerian Port

Kalmar, part of Cargotec, has received an order for 25 forklift trucks from the Algerian port procurement company, Groupement D'Interêt Commun Des Entreprises Portuaires (GICEP).

New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

Shipbuilding

COSCO Delivers PSV and Two Jack-up Rigs

Cosco (Dalian) Shipyard Co., Ltd., a subsidiary of its 51 percent owned Cosco Shipyard Group Co., Ltd., has delivered two jackups to the Foresight Group of companies

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

ACE Winches Bags Order from Vard

Deck machinery specialist ACE Winches said it has been awarded a spooling contract with Vard Group AS for Norway’s largest construction vessel.   The scope of work includes the spooling of two 3,

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Tanker Trends

Navy Discovers Malaysian Tanker

Indonesia's navy has found a tanker carrying almost US$400,000 worth of diesel that was taken by its own crew last week due to a commercial dispute, says a report in AFP.

Big Tankers' Need for Retrofit Slows Use of New Panama Canal

The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

Finance

Norsepower Secures Funds for World’s Largest Rotor Sail

Norsepower Oy Ltd., today announces that it has been selected to receive €2.6M in funding to further its research and development of the Norsepower Rotor Sail Solution technology.

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

UASC's Dismal Performance

United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its key financial figures, says Alphaliner.

Energy

J.F. Lehman Acquires Heavy Equipment Group of Oldenburg Group

J.F. Lehman & Company (“JFLCO”) has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Norsepower Secures Funds for World’s Largest Rotor Sail

Norsepower Oy Ltd., today announces that it has been selected to receive €2.6M in funding to further its research and development of the Norsepower Rotor Sail Solution technology.

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3518 sec (3 req/sec)