Tanjung Offshore Signs Contract with Boustead Naval Shipyard

Tanjung Offshore Bhd's unit Tanjung Kapal Services Sdn Bhd has awarded shipbuilding contract to Boustead Naval Shipyard Sdn Bhd for an anchor-handling tug and supply vessel, according to a report on www.theedgedaily.com. It said that the construction of the vessel would be financed by internal funds and borrowings. Completion of the vessel is expected to be the third quarter of 2008. The company said the 60-m vessel would be able to perform as a safety vessel for offshore drilling and workover rigs on 24 hours a day basis. (Source: www.theedgedaily.com)