STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the construction of two Platform Supply Vessels (PSV) for Island Offshore. The total value of the contracts amounts to approximately NOK 750 million(139.1 million USD) .
The vessels will be of Rolls Royce’s UT 776 CD design. The overall length of each vessel will be 96.8 meters with a beam of 20.0 meters, and the deadweight will be 4800 DWT. Deliveries are scheduled from STX OSV Brevik in Norway in the first and third quarter 2013 respectively. The hulls of the vessels will be delivered from STX OSV Braila in Romania. The contract for the second vessel is subject to certain conditions being fulfilled before the end of 3Q 2011.
About STX OSV
STX OSV Holdings Limited (“STX OSV”), together with its subsidiaries, is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with approximately 9,000 employees, STX OSV operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam.
STX OSV’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The company’s expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers. STX OSV was listed on the Main Board of Singapore Exchange (SGX) on 12 November 2010.
STX OSV’s major shareholder STX Europe is part of the international STX Group. STX Group has approximately 54,000 employees, and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.
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Source: stxosv, June 9, 2011; Image: islandoffshore