Triyards diversifies further with escort tug contract

Triyards diversifies further with escort tug contract

Singapore’s Triyards Holdings has further expanded its offerings in what is a difficult market for its traditional liftboat market, winning an order for a quartet of escort tugs for a new client Greenbay Marine, a Singapore-based marine craft group.

Triyards will build the four RAstar 3400 Azimuth Stern Drive Tugs in a deal worth around $12.8m with deliveries scheduled in early 2017.

This opportunity to work with Greenbay Marine has enabled us to expand both our product and client base, reaffirming the market relevance of our versatile and world-class engineering capabilities. We will continue to execute our product and sector diversification strategy to build a diversified orderbook,” said Triyards’ ceo, Chan Eng Yew.

In October, Triyards won $100m worth of new orders made up of three chemical tankers, two speed craft and an industrial fabrication contract. The company currently has a $564m orderbook.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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