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.”