Eversendai bags $180M liftboats order

UAE’s Eversendai Offshore RMC FZE, has been awarded contracts for the construction of 2 GustoMSC NG-2500X liftboats at a combined value of RM580 million ($180 million)  from Vahana Offshore (S) Pte. Ltd.

The contracts are for the engineering, procurement, construction and delivery of two fully equipped liftboats, Aryan and Arjun, in February and May 2016, respectively. Both units will be executed at Eversendai Offshore’s fabrication yard on a waterfront land measuring approximately 200,000 square metres with 550 metres of quayside in RAK Maritime City, Ras Al Khaimah in the United Arab Emirates.

Eversendai specializes in the fabrication of highly complex steel works for infrastructures, commercial and industrial buildings as well as the power and oil & gas sectors. Eversendai Offshore said it was confident of its ability to execute its maiden marine project by subscribing to Eversendai’s core values of safety, quality, on-time delivery and within the targeted costs.

Each liftboat will consist of a rectangular hull and four 95 metre truss type legs; each with an electric driven rack and pinion jacking system, which will allow the unit to jack up in water depths of up to a maximum of 70 metres. The liftboat will be equipped with a 300 tonnes crane, and will be able to accommodate a minimum of 150 personnel. The unit will be propelled by its own thrusters to a speed of 5 knots and it will have Dynamic Positioning (DP-2).

Tan Sri A K Nathan, Executive Chairman and Group Managing Director of Eversendai Group said, “This is a breakthrough contract for Eversendai; one which will see us provide our proven skills in a brand new sector. This contract is particularly exciting to us as it supports our strategic decision to establish our offshore oil & gas and marine operations and is in line with our strategy to strengthen our foothold in the Middle East where we have enjoyed a dominant market share in terms of business opportunities. With our tagline, ‘Towering –Powering – Energising – Innovating’, Eversendai is continuously looking at delving into new opportunities in inter-related industries whilst maintaining our commendable performance and track record.”