July 17, 2008
ST Marine books DSV contract
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a S$127.7 million (about US$95 million)contract to build and outfit a Diving Support Vessel (DSV) for a foreign customer registered in Singapore.
Construction is scheduled to begin in January 2009 and delivery is planned for mid 2010.
The 107.1 m long DSV will be designed and built in accordance with the rules and regulations of DNV with a light "Ice Class" notation.
Equipped with an electric propulsion system and DP2 capability, the DSV will have a deadweight of 4,000 tonnes, accommodations for 100 persons, a 140-tonne subsea crane, an 18 man Diving Saturation System and will carry two Remotely Operated Vehicles (ROV) to support diving operations in the subsea sector.
"This contract signifies an important milestone for ST Marine's foray into the offshore deepwater oil and gas exploration and subsea sector. The award further testifies to ST Marine's reputation as a turnkey provider of specialty vessels," commented ST Marine President Chang Cheow Teck.