Business Services Industry
SINGAPORE TECHNOLOGIES ENGINEERING'S US UNIT TO BUILD OSV.
AsiaPulse News, November, 2002
SINGAPORE, Nov 14 Asia Pulse - VT Halter Marine, Inc., the U.S. operations of Singapore Technologies Engineering's (ST Engg) (SGX:STEG) marine arm, Singapore Technologies Marine (ST Marine), has secured a contract worth more than S$18 million (US$10.19 million) to construct an Offshore Supply Vessel (OSV) for an undisclosed owner.
The contract also includes options for six additional vessels which, if exercised, could bring the total contract value to exceed S$120 million, ST Engg said in a statement.
Offshore Supply Vessels carry goods, supplies, individuals (in addition to the crew) or equipment used to support exploration and offshore production of mineral or energy sources.
The statement said the 220' x 46' x 17' OSV has a liquid-mud capacity...
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