Offshore services firm Marco Polo Marine has bagged shipbuilding contracts to build two towing tugs and two deck cargo barges for Indonesia-based Pelayaran Nasional Bina Buana Raya (BBR) for approximately S$4.6m ($3.8m), Seatrade Asia online reports.The construction work is slated to start in September 2011 at Marco Polo's shipyard in Batam. The vessels are to be delivered to BBR in June 2012.
“This contract will increase the capacity utilisation of our Batam shipyard and contribute to the profitability of the group's shipbuilding activities in the following financial year,” said Sean Lee, ceo of Marco Polo.
Marco Polo, through its subsidiary Marco Polo Shipping, has acquired 49% equity stake in BBR.
“This contract will increase the capacity utilisation of our Batam shipyard and contribute to the profitability of the group's shipbuilding activities in the following financial year,” said Sean Lee, ceo of Marco Polo.
Marco Polo, through its subsidiary Marco Polo Shipping, has acquired 49% equity stake in BBR.