Triyards Holdings to build 2 support vessels that can sail through ice

SINGAPORE - Triyards Holdings has secured deals for two ice-class multi-purpose support vessels (MPSVs) - which excludes owner furnished equipment - as well as a turret fabrication job worth over US$100 million (S$137 million).

These come less than two months after the recent US$75.4 million win for two liftboat contracts in early January.

The MPSV contracts were signed with Ocean Energy Ventures, a wholly-owned subsidiary of MDL Marine Holdings, and will extend the earnings visibility for the offshore vessel fabrication and engineering solutions provider beyond the financial year ending Aug 31, 2016.

Triyards' new turret fabrication project, on the other hand, is for London Marine Consultants (LMC), which recently won a contract for the engineering, procurement and construction of an external turret mooring system.

LMC is a wholly-owned subsidiary of Triyards' parent, Ezra Holdings.

Mr Chan Eng Yew, group chief executive officer, said: "It has been a strong start for us in 2015, with Triyards adding almost US$180 million in new orders."

Armed with the track record of successfully completing the Lewek Constellation - one of the world's most advanced ice-class deepwater multi-lay vessels with heavy lift capabilities - on time and within budget, building and equipping the two MPSVs with ice-class capabilities will not be new to the group.

These ABS-classified MPSVs, measuring 89.3 metres in length, will have strengthened hulls capable of sailing through ice.