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2015 March 10   15:45

TRIYARDS secures deals for two ice - class multi - purpose support vessels

TRIYARDS Holdings Limited 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, the company said in its press release, the company said in its press release.

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 Ltd, a wholly - owned subsidiary of MDL Marine Holdings Pte Ltd , and will extend the earnings visibility for the offshore vessel fabrication and engineering solutions provider beyond the financial year ending 31 August 2016 (FY16).

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 for the Libra field’s (one of Brazil’s largest oil fields to - date) Extended Well Test Floating Production, Storage and Offloading vessel. LMC is a wholly - owned subsidiary of TRIYARDS’ parent, Ezra Holdings Limited.

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 MPSV s with ice - class capabilities will not be new to the Group. These ABS - classified MPSVs will have strengthened hulls capable of sailing through ice. Measuring 89.3 metres in length, each MPSV will be fitted with a 150T active heave compensated crane and will come equipped with a Class 2 dynamic positioning system , making the unit suitable for global deployment. These vessels are based on the V4830 design from naval architect Vik - Sandvik Design India Pvt Ltd, which has an established track record in delivering basic and detailed ship design services and other consultancies to ship owners, shipyards and oil & gas companies all over the world.

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