ST Engineering to Build Two Tugs for OSG

ST Engineering announced that its US shipyard VT Halter Marine Inc (VT Halter Marine), has signed a contract with subsidiaries of Overseas Shipholding Group, Inc. (OSG) to build two 8,000 ATB tugs worth over $21m. VT Halter Marine is the U.S. operation of ST Engineering’s marine arm, ST Marine.

The tugs will be built over 16 months at VT Halter Marine’s Moss Point Marine shipyard with deliveries expected in the second and third quarters of 2011. Measuring 140.4 ft by 38 ft each, these two state-of-the-art tugs will be used to perform articulated tug barge (ATB) services, transporting refined petroleum products coastwise within the US and will have all the necessary capabilities to operate in full ocean service.