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 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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