Pasha Hawaii orders second RO/RO at VT Halter Marine

pashalogoVT Halter Marine's parent, ST Engineering (Singapore Technologies Engineering Ltd.) says that the shipyard has been awarded a shipbuilding contract worth about $144 million by Honolulu-based Pasha Hawaii (Pasha).  The ship, which will be operate between Hawaii and the U.S. West Coas, is expected to be delivered in the second half of 2013.  Work on the newbuilding is to commence immediately. VT Halter Marine also signed an option agreement for the construction of a second vessel, with some scope variation, for a base price of about $137 million.

This will be the second Roll-On/Roll-Off Car Truck Carrier built by VT Halter Marine for Pasha Hawaii based on a proven design by the Uljanik Shipyard, Croatia.  The Uljanik and VT Halter Marine engineering teams are collaborating with Pasha to finalize the new ship's design and engineering specifications to meet the highest level of operating efficiencies standard with reduced environmental impact.

The MV Jean Anne (shown below), Pasha's first vessel, was delivered by VT Halter Marine March 2005.

bow_1"Building a second ship has always been part of our organization's plan.  The level of enthusiasm and customer support we received when we deployed our first vessel was well beyond our expectations.  Our second vessel will both better serve the Hawaii/Mainland market and also provide increased frequency and superior reliability.  A weekly sailing will also allow us to present even more tailored transportation solutions to our clients." ~ George Pasha, IV, CEO, Pasha Hawaii.

Pasha Hawaii says it is currently negotiating with several sources for financing.

"This contract is an extremely important one for our U.S. operations as it reflects VT Halter Marine's strong credibility and track record among its customers.  We are delighted to have the opportunity to work with Pasha Hawaii on their second, and possibly third, vessel, and we look forward to more collaborations with our valued customer in future," said NG Sing Chan, President, ST Marine.

February 16, 2011

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