Triyards Holdings wins €44m contract for 2 LNG-powered ferries

SINGAPORE - Singapore-listed Triyards Holdings said on Sunday (April 10) its unit Strategic Marine has secured a new contract with Rederij Doeksen (Royal Doeksen) for the construction of two Liquefied Natural Gas (LNG)-powered aluminium catamarans.

The new contracts are worth €44 million (S$67.7 million).

Construction is set to begin later this year, with delivery scheduled for the second quarter of 2018.

Strategic Marine chief executive Mark Schiller said: "We foresee an increased focus in the environmental aspects of marine transportation and LNG emerging as the fuel of choice for vessels and ferries.

"Our focus on the large ferry market is beginning to reap the desired results with this recent win, as we continue to focus on the vertical product chain for aluminium vessels."

Established in 1908, Royal Doeksen is one of the largest ferry operators in the Netherlands.