ST Engineering Wins $60m Shipbuilding Contracts

Monday, February 13, 2012

Singapore Technologies Engineering Ltd (ST Engineering) reports that its marine arm, ST Marine, has won two shipbuilding contracts worth about $60m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited. These contracts to build and outfit two Anchor Handling Tug Supply (AHTS) vessels, measuring 92m by 22m, are in addition to the existing shipbuilding contract with SPO, announced in June 2011 for four AHTS vessels. For these contracts, SPO will supply a larger proportion of the major equipment for ST Marine’s integration and installation. Construction will commence in 2013. These two AHTS will adopt the latest Dynamic Positioning technology and will be Special Purpose Ship 2008 compliant. They will also have adequate tank capacities and clear deck space of about 650 sq. ft.  for other offshore applications. When delivered in 2Q2014 and 3Q2014 respectively, the vessels will join SPO’s modern fleet supporting the latest generation of semi-submersible rigs operating in deep water and harsh environment.

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