English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 20 April 2016, 11:00 HKT/SGT
Share:
    

Source: Triyards Holdings Limited
Strategic Marine Secures EURO 44m (USD 50.1m) Contract for Two LNG-powered Aluminium Catamarans
- Strengthens Triyards leading position in the global offshore and marine industry
- Strategic Marine's focus on large sized ferries and clean fuels gain further traction
- Latest win builds on Groups' continued client and product diversification strategy, and adds to order book visibility

SINGAPORE, Apr 20, 2016 - (ACN Newswire) - Triyards Holdings Limited (Triyards or the Group) through its subsidiary, Strategic Marine is pleased to announce that it has secured a new contract with Rederij Doeksen (Royal Doeksen) for the construction of two Liquefied Natural Gas (LNG) powered aluminium catamarans. The new contracts are worth EURO 44m approximately USD 50.1m.

Developed by renowned nautical design company BMT Nigel Gee from Southampton, the two RoPax ferries will feature new single-fuel LNG propulsion system that offers efficiency advantages over dual-fuel engines. The eco-friendly ferries are designed to carry up to 600 passengers and 64-cars whilst meeting stringent emissions requirements. Construction is set to begin this summer with delivery scheduled for 2Q2018.

Strategic Marine's Chief Executive Officer, Mr Mark Schiller, said: "We foresee an increased focus in the environmental aspects of marine transportation and LNG emerging as the fuel of choice for vessels and ferries. Our focus on the large ferry market is beginning to reap the desired results with this recent win, as we continue to focus on the vertical product chain for aluminium vessels".

Established in 1908, Royal Doeksen is one of the largest ferry operators in the Netherlands. Backed by a long and successful record of accomplishments in the marine industry, it has further widened its operations to encompass fast ferry transport for commuters and leisure passengers between Harlingen, Vlieland and Terschelling in the Netherlands, and also operates specialised transport services for the offshore wind energy sector and has an established history in custom superyacht building.

Triyards has recently reported its financial results for the three months ended 29 February 2016 (2QFY16). The Group's net profit attributable to shareholders (PATMI) was US$5.3 million on a 15% higher revenue of US$70.5 million, largely supported by ongoing work done on four liftboats, two multi-purpose support vessels and three chemical tankers. Gross profit also rose 8% to US$14.8 million. The construction of aluminium crew boats and wind farm vessels by subsidiary Strategic Marine Group also contributed to the reported results.

About the Company

Triyards offers a broad spectrum of engineering and fabrication services that are marketed under the "Triyards" brand. The Company currently owns and operates fabrication yards in Ho Chi Minh City and Vung Tau in Vietnam and Singapore, as well as design and engineering facilities in Houston in the United States.

The Group's acquisition of experienced aluminium shipbuilders Strategic Marine (S) Pte. Ltd. and Strategic Marine (V) Company Limited in October 2014 has added both new fabrication capacity as well as engineering capabilities.

The Group's yards in Vietnam are equipped with heavy-lift gantry cranes and deepwater berths, and both facilities have the capability to undertake large-scale projects to fabricate different components of fixed platforms, as well as vessel conversion and construction. Triyards Houston provides the designing and engineering of offshore equipment such as cranes, A-frames and winches, which can be installed on the self-elevating units and offshore support and construction vessels. www.triyards.com

For further enquiries:

Mr Yan Naing Aung
Triyards Holdings Limited
+65 9322 5115
[email protected]

Ms Cheryl Wong
Triyards Holdings Limited
+65 6590 8564
[email protected]

Ms Low Li Yin
Oaktree Advisers
+65 9879 3378
[email protected]

Ms Nora Cheng
Oaktree Advisers
+65 9634 7450
[email protected]

Topic: Contract Awarded
Sectors: Gas & Oil, Logistics & Supply Chain, Energy
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Jatiluhur Jazz Festival 2019, World Jazz at the Jatiluhur Dam  
Nov 23, 2019 06:00 HKT/SGT
First Recipient of Gennosuke Obata Fellowship Fund Safeer Shersad Aspires to Make a Difference through Human-Centred Design  
Nov 22, 2019 16:00 HKT/SGT
All-New Mazda3 Named China Car of the Year 2020  
Nov 22, 2019 12:30 HKT/SGT
World Premiere of Lexus' First EV, the UX 300e  
Nov 22, 2019 10:55 HKT/SGT
All-New Mazda3 Named Thailand Car of the Year 2019  
Nov 21, 2019 15:22 HKT/SGT
Toyota Refines Rehabilitation Assist Robot and Launches New Welwalk WW-2000  
Nov 21, 2019 13:33 HKT/SGT
Chiho Environmental Group Limited Joint Venture in Thailand with Hidaka Yookoo Enterprises and Suzuki Shokai  
Nov 21, 2019 13:14 HKT/SGT
First Harvard GSD Recipient of Nippon Paint's Gennosuke Obata Fellowship Fund Aspires to Make a Difference through Human-Centred Design  
Nov 21, 2019 10:00 HKT/SGT
Challenges and opportunities for logistics companies  
Nov 20, 2019 19:00 HKT/SGT
FBH Attends Seminar at the 2nd World Blockchain Conference  
Nov 20, 2019 19:00 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575