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2007 May 7   13:11

Amanda Group venture bags US$250m job

A joint venture shipyard between a Singapore firm and Norway's Aker Yards has clinched a US$250 million deal to build six specialised vessels for use in the booming oil and gas industry.
The anchor handling supply vessels will be built at the joint venture's new shipyard in Vung Tau, Vietnam, said the Singapore partner, Amanda Group, on Friday.
It said that the vessels were ordered by Norway-based Aker Capital, which has interests in the oil industry. Anchor handling supply vessels can supply oil platforms, tow them to location or anchor them up. The contract is worth about 1.5 billion kroner (S$377.2 million).
'We are very pleased by this contract as it confirms our strategy to offer state-of-the-art offshore vessels from our new yard in Vietnam to meet the increased demand in the Asian offshore market,' said Roy Reite, president for offshore and specialised vessels at Aker Yards.
Amanda Group executive chairman Graham Bell described the orders as a 'great start' for the Vietnam shipyard, which will be ready by October this year. The first delivery will be in 2010 and the last vessel will be delivered in 2012, Amanda Group said.

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