By CARINE LEE
Sembcorp Marine on Monday announced that its subsidiary, Sembawang Shipyard, has secured a US$140 million contract from Equinox Offshore Accommodation Limited to convert a ropax vessel to a DP2 Accommodation and Repair Vessel (ARV).
The vessel will be a diesel electric DP2 high specification vessel, uniquely designed and equipped to provide extensive accommodation and workshop facilities to support and service offshore facilities and projects in deep water areas. It will have accommodation facilities to comfortably house a complement of 450 persons and will be renamed ARV 3.
The vessel is expected to arrive in the shipyard in January 2012 for the conversion and modification works, which is scheduled for completion in the fourth quarter of 2012.
The ARV 3 will be deployed to support offshore works in Brazil for five years under owner's charter contract with Petrobras of Brazil.
End of Year 2024 Update: Buying more Business Trust and REIT For Dividend
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As said in my past posts, it is likely I would purchase more Asia Pay TV
Trust (APTT). I did just that. Other purchases were UnitedHampshire REIT
and Yan...
5 hours ago
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