VT Halter Launches Tug for Bouchard
VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems), announces the launch of the M/V Frederick E. Bouchard, at its Moss Point Marine Shipyard Facility in Escatawpa, Mississippi on Thursday, March 31, 2016. M/V Frederick E. Bouchard is the second of two 6,000hp Twin Screw Articulated (ATB) tugs constructed for Bouchard Transportation Co. Inc. (Bouchard Transportation) under a two-vessel contract awarded to VT Halter Marine in August 2014. Both M/V Frederick E. Bouchard and the M/V Morton S. Bouchard Jr. measures, 130 feet by 38 feet by 22 feet, are classed by ABS as ļA1 Ocean Towing, Dual Mode ATB, USCG Subchapter C, and is equipped with an Intercon Coupler System.
St Engineering's Land Systems Arm Inject Capital in Brazil
Singapore Technologies Engineering Ltd (ST Engineering) announced today that SDG Kinetics Pte. Ltd. (SDGK) and Autonomous Technology Pte Ltd (ATPL), wholly owned subsidiaries of its land systems arm, Singapore Technologies Kinetics Ltd (ST Kinetics), have injected BRL5,499,450 (approximately S$3.2m) and BRL550 (approximately S$318) respectively into the capital of LeeBoy Brazil Equipamentos De Construção Ltda. (LeeBoy Brazil), as working capital for LeeBoy Brazilās operations in Brazil. This equity injection increases SDGK and ATPLās total investment in LeeBoy Brazil to BRL28.5m (approximately S$15.7m). ST Kinetics has correspondingly injected approximately S$3.2m into the capital of SDGK as funding for SDGKās capital injection into LeeBoy Brazil.
