Singapore: ST Marine Wins Four AHTS Vessels Order

ST Engineering announced today that its marine arm, ST Marine, has won a shipbuilding contract worth about S$171m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited.

The contract entails the building and outfitting of four Anchor Handling Tug Supply (AHTS) vessels. SPO will furnish the major equipment for ST Marine’s installation and this includes main engines, thrusters, switchboard and automation, cranes, A-frame, stern rollers and deck machinery. Work commences immediately with the first AHTS, measuring 92m by 22m, expected to be delivered by 1H2013 and the fourth by 1H2014.

The four vessels will be able to support the latest generation of semi-submersible rigs operating in deep water and harsh environment. They will also have adequate tank capacities and clear deck space of about 650m2 for other offshore applications. The vessels will adopt the latest Dynamic Positioning technology and will be Special Purpose Ship 2008 compliant.

In March this year, ST Marine successfully delivered Pacific Finder, a 68-metre Seismic Survey Vessel to SPO. The vessel is successfully deployed for marine seismic survey in shallow waters for oil and gas clients in the Asia Pacific region.

“Swire Pacific Offshore is committed to owning and operating a modern fleet of offshore support vessels. The recent order with ST Marine is testament to our commitment for quality, reliability and environmentally friendly fuel efficiently designed vessels. ST Marine is our shipyard of choice for these new building orders based upon their previous performance, commitment and dependability to deliver on time. We are very pleased to be working with the ST Marine team.” ~ Brian TOWNSLEY, Managing Director, Swire Pacific Offshore

“We are delighted and honoured to be entrusted with this opportunity to work with Swire Pacific Offshore again. Swire, one of the world’s largest owners and operators of Offshore Support Vessels, is a forward-looking and very professional company and we are thankful for the role to enhance and grow their fleet to support their customers in the burgeoning offshore oil and gas industry. This contract is not only a testament to ST Marine’s capability as a shipbuilder of choice but an affirmation that our partnership with Swire Pacific Offshore is growing from strength to strength.” NG Sing Chan, President, ST Marine

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Source: STmarine, June 15, 2011.