Triyards wins contracts worth S$30.8 million to build oil barges

Aerial view of Triyards shipyard in Vietnam.
Aerial view of Triyards shipyard in Vietnam.PHOTO: TRIYARDS

SINGAPORE - Offshore engineering group Triyards has secured contracts to build two oil barges worth NT$716 million (S$30.8 million) from a new client, Taiwan state-owned oil and gas company CPC Corporation.

The barges are to be delivered in the second quarter of its 2018 financial year, Triyards said in a filing to the Singapore Exchange on Wednesday (Dec 30).

Said Triyards chief executive officer Chan Eng Yew: "This attests to our continued efforts to diversify our order book beyond the traditional oil and gas sector. Not only have we broadened our product range but we have also added another blue-chip name to our growing pool of clients."