ST Marine Receives Orders Worth $351m
Singapore Technologies Engineering Ltd. (ST Engineering) announced today that its marine arm, Singapore Technologies Marine Ltd (ST Marine) has secured new orders worth about $351 million in the fourth quarter of 2013.
These orders are in addition to the recent contract worth about $350m won by its US shipyard, VT Halter Marine for the design and construction of two units of Container Roll-on/Roll-off vessels and the bareboat charter contract for the Roll-on/Roll-off Passenger vessel to Nova Star Cruises Limited.
The contracts are for logistics management, maintenance, major upgrade and conversion projects, which will be carried out in the Singapore yards.
On shiprepair and upgrading, ST Marine has secured and delivered a series of contracts to support the offshore industries. These include repairs and upgrade of various types of offshore support vessels such as drillships and pipe-laying vessels.
Press Release, January 6, 2014; Image: wikimapia