Triyards scores $175m in new contracts

Singapore: Triyards has secured deals for two ice-class multi-purpose support vessels (MPSVs) as well as a turret fabrication job worth more than $100m. These come less than two months after the recent $75.4m win for two liftboat contracts in early January.

The MPSV contracts were signed with Ocean Energy Ventures, a wholly-owned subsidiary of MDL Marine Holdings, and will extend the earnings visibility for the offshore vessel fabrication and engineering solutions provider beyond the financial year ending 31 August 2016.

The ABS-classed MPSVs will have strengthened hulls capable of sailing through ice. Measuring 89.3 m in length, each MPSV will be fitted with a 150 ton active heave compensated crane and will come equipped with a class 2 dynamic positioning system. The vessels are based on the V4830 design from naval architect Vik-Sandvik Design India.

Meanwhile, Triyards’s new turret fabrication project is for London Marine Consultants (LMC) which recently won a contract for the engineering, procurement and construction of an external turret mooring system for a project in Brazil.

Triyards has facilities in Singapore where it is listed, Vietnam and Houston.


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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