Triyards secures two ferry contracts worth US$20.64m

File photo of Triyards shipyard in Vietnam.
File photo of Triyards shipyard in Vietnam. PHOTO: TRIYARDS

SINGAPORE - Mainboard-listed Triyards Holdings said on Monday (March 13) that it has clinched contracts worth US$20.64 million (S$29.17 million) for the fabrication of two passenger ferries.

The order wins from two ferry operators were secured by Strategic Marine, a wholly owned subsidiary of Triyards.

One order is for the building of a 85 metre vehicle passenger ferry for Pentland Ferries, a Scottish ferry operator, with the other for a 40m high-speed passenger ferry for an Asian operator.

Triyards said the latest contract wins were a significant step forward for Strategic Marine in its efforts to build further momentum in this expanding market and in its diversification plans.

The 85m vessel, designed by BMT Nigel Gee, is scheduled for delivery during the first half of 2018. It will be the third catamaran vehicle passenger ferry over 70m in length currently being constructed in Strategic Marine's shipyard in Vietnam.

The 40m vessel, scheduled for delivery in early 2018, will be designed by One2Three Naval Architects, a renowned Sydney-based designer.

This collaboration will showcase Strategic Marine's principle of providing flexible solutions and working with the best external designers to offer its customers a wider range of optimised vessels, said the company.