Triyards clinches $100m in new orders

Singapore-listed Triyards has announced that it has received $100m worth of new orders including three chemical tankers, two high speed craft and an industrial fabrication contract.

The three tankers, were ordered by Swiss-Canandian Maritime and will be managed by ABC Maritime, are due for delivery in 2017.

For the industrial fabrication project, Triyards will fabricate core component parts such as steel structures, stacks and casings for a long standing client. The high speed craft will be built by Triyards’ wholly-owned Strategic Marine.

Triyards reported a 59% year-on-year jump in net profit to $8.4m in the fourth quarter for the fiscal year ended August 2015. The company attributed the growth to liftboat construction, having secured an order for two liftboats in January valued at $75.4m and two in July valued at $175m.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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