Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 28-Nov-2013

Singapore Technologies Engineering Ltd (ST Engineering) announced today that its US Shipyard, VT Halter Marine, Inc (VT Halter Marine) has won a shipbuilding contract from Crowley Maritime Corporation (Crowley) to build two Container Roll-on/Roll-off (ConRo) vessels. The value of this contract is in the region of US$350m (approximately $420m).

The ConRo vessel measures 219.5m long by 32.3m wide with 10m depth, features the latest systems technology for maximum safety, reliability, and will be powered by environmental-friendly liquefied natural gas (LNG), that sets a new standard in shipping. The vessels will be built at the Pascagoula facility in the US, with construction taking place in the first half of 2014 with deliveries in mid and late 2017. The vessel design is provided by Wartsila Ship Design.

"We are extremely pleased to be chosen by Crowley as the partner for this technologically complex and challenging project. We are indeed grateful for their trust and confidence in us. We will deliver on our promises and we look forward to continued successes with Crowley." - NG Sing Chan, President, ST Marine.

This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

Go to previous page