Singapore: ST Marine Secures Several Newbuild, Repair and Conversion Contracts

ST Marine today announced that it has bagged several newbuild, repair and conversion contracts including variation order for an existing repair project.

Its US shipyard, VT Halter Marine, secured a new contract to build an Articulated Tug Barge Offshore Tug for Bouchard Transportation Co., Inc. (Bouchard). This tug will be similar to others built for Bouchard in previous years by the yard. Measuring about 34.1m by 10.6m by 5.2m, the 4,000hp tug is classed by ABS as A1 Towing Vessel, Dual Mode, and it will be equipped with an Intercon Coupler System. Construction of the vessel will begin in mid 2011, with delivery expected in the second half of 2012. The vessel will enter into Bouchard’s fleet service in New York, N.Y.

On the repair and conversion front, ST Marine was awarded a contract by Garuda Energy to convert a decommissioned jack-up rig into a Mobile Offshore Production Unit (MOPU). The MOPU comes ready with a 2+1+1 year lease. ST Marine will be responsible for the extension of the MOPU legs by 18m as well as other major work including the installation and assembly of production modules on the platform, the fabrication and installation of new piping, electrical and instrumentation systems onboard.

Another conversion contract, awarded by Trinity Offshore Pte Ltd, will have ST Marine convert the accommodation vessel Trinity Supporter to a multi-purpose offshore vessel. The work scope includes the fabrication and installation of a new heli-deck and bulk tanks, and modification of existing tanks to increase their cargo-holding capacity. New cranes and tweendecks will also be installed in order to provide better operational flexibility.

Aside from the conversion contracts, ST Marine was awarded a contract for a major upgrading on a Trailing Suction Hopper Dredger, Volvox Terranova, from Van Oord ACZ. Additional work was also contracted by Saipem (Portugal) Comercio Maritimo (Saipem) for its semi-submersible pipe-laying vessel, SEMAC 1.

All the repair and conversion contracts will be completed by the third quarter of 2011.

“We are extremely pleased to forge new and strengthen existing relationships with major offshore industry players like Garuda Energy, Trinity Offshore and Saipem. Van Oord continues to be our key customer from the dredging industry. In the US, we are delighted to renew our relationship with Bouchard, a total service oil barging company incorporated since 1918. Their trust in ST Marine and VT Halter Marine is a testament to our quality services and we are confident that we will perform to the satisfaction of our customers and exceed their expectations.” ~ NG Sing Chan, President, ST Marine

[mappress]

Source: stengg, May 24, 2011