Chan Eng Yew News

Singapore's Strategic Marine has signed a shipbuilding contract with Bruneian Amarco for the delivery of its fast crew boats that will serve Bruneian offshore oil and gas sector.The collaboration marks a key milestone for both companies with the latest 4th Generation Fast Crew Boat (FCB) entering the Bruneian market for long term operations.The comprehensive shipbuilding contract encompasses the enabling of the vessel to be future ready for a gyro stabilizer, coupled with the option for the installation of a motion compensated gangway as future capabilities.In line with sustainable practices…

U.K. headquartered naval architecture and marine engineering firm BMT is teaming up with Singapore-based shipbuilder Strategic Marine to drive the offshore wind crew vessel industry toward a more sustainable future.Under a new Long-Term Agreement (LTA), the partners will introduce emissions-reducing design solutions, specifically focusing on advancing the StratCat range of crew transfer cessel (CTV) designs.Martin Bissuel, BMT’s head of sales commercial maritime, said, “Our partnership with Strategic Marine brings together extensive expertise into this market…

Singapore-based shipbuilder Strategic Marine announced it has commissioned a study to validate greenhouse gas emissions reduction using the Sea Forrest Green Cabin Energy Saving System, its latest system in collaboration with Sea Forrest.Sea Forrest delivers energy management solutions through marine electric and hybrid propulsion, marine charging and marine energy storage systems. The deployment of Green Cabin Energy Saving System marks the first time such a system is being used on board fast crew boats (FCB).

Singapore-based shipbuilding group Strategic Marine announced it has placed an order with Caterpillar dealer Trakindo, for 100 of its Cat C32 engines.This follows its previous pre-order of 50 similar engines in May 2022 and is aimed at providing security to clients and avoiding long wait times for key components.While the engine supply chain disruptions of the past few years have been alleviated somewhat as global manufacturing catches up post-Covid, a rise in shipbuilding activity…

Singapore-based shipbuilding company Strategic Marine has signed an order to build three ‘Brevity’-class crew transfer vessels (CTVs) from Chartwell Marine.The Brevity-class 27-meter catamaran design forms part of Chartwell’s new offshore wind support vessel range, which has seen multiple orders in the UK and USA since its launch in June 2022.The Brevity-class crew transfer vessel has a capacity of 32 personnel. Multiple crew configurations enable flexibility in space planning and enhance the comfort necessary during long offshore stays…

Strategic Marine announced it has completed the acquisition of a significantly larger shipbuilding facility in Singapore in a move intended to boost the company's shipbuilding capacity and product range.Strategic Marine has acquired the fixed infrastructure as well as the lease of the shipyard at 5 Benoi Road and has completed the lease transfer from JTC Corporation, the lessor of the shipyard. Notable features of the facility include a 5,000 DWT Dry Dock (L: 105M x W: 18.5m x D: 8m) and a 6…

Strategic Marine (S) Pte Ltd recently handed over Centus Ten to Malaysian Offshore operator Centus Marine Sdn Bhd, marking the third fast crew boat handed over by Strategic Marine to Centus in the last 12 months and the 10th vessel overall.Commenting on the vessel handover, Strategic Marine’s CEO Chan Eng Yew said, “Centus Marine’s continued relationship and support is a solid endorsement of our design, quality, our expertise and close partner-working with each of our customers, delivering above and beyond their expectations.

Singapore-based Sam Pan Marine Holdings Pte Ltd has ordered six Strat Cat 27 (SC27) crew transfer vessels (CTV) from Strategic Marine (S) Pte Ltd, with an option to build and deliver six more vessels.Sam Pan Marine Holdings has also appointed Strategic Marine Group as the exclusive commercial agent to provide commercial management services for the new CTVs, including marketing the vessels for bareboat charter or sale.Strategic Marine’s recently launched SC27 CTV has been designed specifically for the offshore windfarm and renewables market…

Singapore-based Strategic Marine delivered a pair of 27m CTVs to WEM Marine Ltd, a UK-based offshore support vessel provider with a growing fleet servicing the renewable offshore wind energy sector. This is WEM’s first order with the Strategic Marine Group.To date Strategic Marine has delivered 23 CTV’s to offshore wind vessel operators, according to Chan Eng Yew, CEO of Strategic Marine.The CTVs were both built in Singapore, designed to meet the specific requirements of WEM who intends to deploy the vessels in UK and European waters.

TRIYARDS Holdings Limited (“TRIYARDS” or the “Group”) reports a revenue of US$91.2 million for the three months ended 30 November 2016 (“1QFY17”), a 17% increase from the corresponding year-ago period (“1QFY16”). The increase was mainly a result of contributions from two units of multi-purpose support vessels (“MPSVs”), three units of chemical tanker, four units of escort tugs, one unit of scientific research vessel and two units of oil tankers during the reporting period and contribution from the Strategic Marine Group Net attributable profit (“PATMI”) for 1QFY17 was US$2.1 million, down 66%, from the previous  corresponding period mainly due to lower gross profit margins resulting from different project mixes as well as competitive market environment…

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.

Three new 21,800 dwt chemical tankers, under construction at two different shipyards in Vietnam owned by Triyards Holdings Limited, will feature integrated Wärtsilä propulsion and power generation systems. These ships are being built for Swiss-Canadian Maritime Ltd and will be managed by Switzerland based ABC Maritime A.G. The contract with Wärtsilä was signed in November, and there are options for three more vessels. This contract represents the largest ever scope of supply that Wärtsilä is to deliver to a shipyard in Vietnam. Wärtsilä's capability for providing a total solution package and to be responsible for the engineering and integration of the solutions provided, is cited as being a key factor in the award of this contract.

TRIYARDS Holdings Limited has extended its product range to escort tugs for new client Greenbay Marine Pte Ltd, a Singapore-based international specialist marine craft group, demonstrating the Group’s established versatile engineering capabilities which have driven its continued diversification beyond the oil & gas industry. Worth some US$12.8 million, the contract is for four RAstar 3400 Azimuth Stern Drive Tugs (excluding owner-furnished equipment), and expected to be delivered by early 2017. Powered by 4,400 kW engines, each of the 34-metre tugs will be specially constructed for escort operations in adverse sea and weather conditions. The newbuild contract adds to TRIYARDS’ growing earnings visibility for the financial year ending 31 August 2017 (FY17).

TRIYARDS Holdings Limited (TRIYARDS or the Group) reported a strong finish for the financial year ended 31 August 2015 (FY15) with a 59% year-on-year jump in net attributable profit (PATMI) to US$8.4 million in the fourth quarter, driven mainly by liftboat construction. Work done on liftboats as well as contributions from aluminium shipbuilder Strategic Marine also lifted Group revenue by 81% to US$88.4 million. For the full year, TRIYARDS achieved a PATMI of US$27.2 million on a revenue of US$270.1 million. Mr Chan Eng Yew, TRIYARDS’ Chief Executive Officer, said: “These four liftboats were secured earlier in FY15 and the new contract wins in the last 12 months have significantly added to our orderbook visibility despite the competitive and difficult operating conditions.

TRIYARDS Holdings Limited an offshore vessel fabrication and engineering solutions provider to the oil, gas (O&G) and marine industry, started the year on a promising note, armed with US$75.4 million in new liftboat orders. The latest liftboat contracts not only add to its orderbook, but also extend TRIYARDS’ earnings visibility into its financial year ending 31 August 2016 (FY16). The Group’ current newbuild pipeline has quickly grown to eight liftboats, having won five new orders in the last six months. To-date, TRIYARDS has built and delivered seven liftboats on time and within budget since 2007, cementing its position as Asia's leading fabricator and engineering solution provider in this segment.

TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has added new capabilities, products and clients with its latest acquisition of experienced shipbuilding and fabrication companies, Strategic Marine (S) Pte Ltd and Strategic Marine (V) Co. Limited (collectively termed Strategic Marine). Strategic Marine has been building aluminium and steel vessels as well as complex aluminium and steel structures for the marine infrastructure and mining sectors for over 10 years. Its two yards – one in Vung Tau, Vietnam, and the other in Singapore – with a total area of 158,648m 2 will increase the Group’s yard capacity by over 67% (excluding Houston).

TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has added another liftboat contract to its orderbook. The order for the new unit comes soon after TRIYARDS' two other liftboat contracts worth US$112 million in July. TRIYARDS Chief Executive Officer, Mr Chan Eng Yew, said: “Our recent new orders attests to the industry's confidence in us and our ability to meet our clients' stringent requirements on safety, quality, timeliness of delivery and cost efficiency. They also reflect the market’s satisfaction of our engineering and fabrication capabilities. “Operators are starting to realise the high value-to-cost ratio of using liftboats, increasing its demand for these vessels.