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Triyards clinches $59m in offshore orders

Triyards clinches $59m in offshore orders
Triyards, an offshore vessel fabrication and engineering solutions provider, has won two contracts worth $59m to build a self-elevating unit (SEU) and a turret for a floating storage offloading (FSO) unit.

The SEU will be capable of working in water depths of up to 70 metres and can accommodate 160 people, and built for an Asian-based client.

“This will be our 10th SEU to deliver, and this win solidifies our leadership position in Asia for SEUs,” said Wong Bheet Huan, ceo of Triyards, the offshore fabrication arm of Singapore-based Ezra Holdings. “We are seeing strong demand for our vessels, and with these two contracts, the yards will be kept busy all the way through 2015.”

Wong added that the company is expanding its offerings not only in types of SEUs and steel fabrication but other services such as ship repair and onshore infrastructure projects.

In July, Triyards announced its first ship repair job with Mermaid Maritime. In May, the company launched its newly designer drilling jack-up rig, making it one of only three Singapore yards able to design and built its own proprietary drilling jack-ups and SEUs.