Singapore shipbuilder ASL Marine said on Tuesday that its new yard in China is fully operational next year and will double its capacity to build offshore vessels used to support oil exploration.
The newly built eight-hectare shipyard in China's Guangdong province will enable ASL Marine to build up to six offshore vessels a year, adding to its existing capacity of eight vessels, Managing Director Ang Kok Tian told Reuters in an interview.
Ang added that the focus in China will be on medium-sized offshore vessels, although the range will be widened to include vessels like pipe-laying and heavy-lift vessels.
The firm would also look for contracts to convert oil tankers in Floating Production Storage Offloading vessels (FPSO) at its Chinese yard, where the building of smaller and less sophisticated vessels such as barges have already began this month. It would, however, take another year before the building of offshore vessels that perform logistics services at offshore oil fields can commence.
The newly built eight-hectare shipyard in China's Guangdong province will enable ASL Marine to build up to six offshore vessels a year, adding to its existing capacity of eight vessels, Managing Director Ang Kok Tian told Reuters in an interview.
Ang added that the focus in China will be on medium-sized offshore vessels, although the range will be widened to include vessels like pipe-laying and heavy-lift vessels.
The firm would also look for contracts to convert oil tankers in Floating Production Storage Offloading vessels (FPSO) at its Chinese yard, where the building of smaller and less sophisticated vessels such as barges have already began this month. It would, however, take another year before the building of offshore vessels that perform logistics services at offshore oil fields can commence.