Jaya, IHC Merwede Reach Collaboration Agreement (Indonesia)

Jaya Holdings Limited, a leading Offshore Energy Services provider, announces that its wholly owned subsidiary, Jaya Shipbuilding and Engineering Pte Ltd has signed an agreement with IHC Merwede Asia Pacific which enables IHC’s high-specification offshore vessels to be produced by Jaya at its yards in Singapore and Batam, Indonesia.

As part of the wide-ranging agreement, IHC Merwede will also provide design and engineering support services to Jaya.

The agreement creates the opportunity for further collaboration between the companies in future, aligned with Jaya’s strategy of building sophisticated and modern offshore support vessels and IHC Merwede’s plans for further expansion of its integrated shipbuilding and equipment manufacturing operations in the region.

Mr Venkatraman Sheshashayee, Chief Executive Officer and Executive Director of Jaya Holdings, said: “This tie up with IHC Merwede represents a major step forward for Jaya Shipbuilding and Engineering. IHC brings a world class track record of maritime engineering and technological innovation to this agreement and they are widely recognised as an industry leader in many areas of the maritime and offshore sectors. We look forward to working with IHC and believe it will be a productive relationship for both parties.”

Mr Denis Welch, Chief Executive Officer of IHC Merwede Asia Pacific, said: “IHC Merwede is pleased to be collaborating with Jaya Shipbuilding and Engineering as we believe there are plenty of opportunities for our group to add value to Jaya’s portfolio. This agreement will bring great mutual benefits to both companies and we are delighted to be working with the Jaya team.”

Jaya Holdings is a leading Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain.

Specialised offshore assets are designed and constructed to exacting quality standards and rigorous time schedules in our fully owned facilities in Singapore and Indonesia (Batam). When required, Jaya also outsources construction to reputed builders whose infrastructure and quality standards have been audited comprehensively. Such outsourced construction is closely monitored and supervised by Jaya’s in-house team.

Jaya’s fleet of specialised offshore vessels are designed and built to global standards and to be able to operate on a worldwide basis, supporting offshore E&P, marine construction, mining and marine-related activities. Jaya’s fleet is one of the youngest and most diversified in the region.

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Subsea World News Staff , July 20, 2012