Triyards Wins Order for Two Oil Barges

Singapore-listed Triyards Holdings Limited has secured contracts to build two oil barges worth NTD 716 million (USD 21.82m) from a new client, CPC Corporation (CPC), a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market.

The new contracts stipulate the construction of a pair of oil barges intended for coastal service and the supply of bunker fuel to vessels in Taiwan’s harbour and coastal areas.

The barges should be delivered to CPC in the second quarter of 2018 fiscal year.

“This attests to our continued efforts to diversify our orderbook beyond the traditional O&G sector. Not only have we broadened our product range but we have also added another blue-chip name to our growing pool of clients,” Chan Eng Yew, Triyards’ Chief Executive Officer, said.

 “With our flexibility in engineering and fabrication solutions, Triyards is well positioned to address opportunities beyond the O&G sector.”