Triyards inks contracts worth US$45.5m

They’re a rarity in the current environment.

The engineering and fabrication firm has enlarged its footprint as it announced a slew of newly minted contracts.

According to a press release by Triyards, one of the newly minted contracts entails the group to construct its scientific research vessel for new client Taiwan Ocean Research Institute (TORI), a Taiwan government agency.

“Slated for completion in the financial year ending 31 August 2017 (FY17), the diesel electric-powered workboat worth in excess of US$26.4 million to be used to support on-going research activities of the TORI,” the statement said.

Meanwhile, Triyards adds that the other orders were secured by wholly-owned Strategic Marine and include two 26- metre wind farm crew transfer vessels, which will support opportunities in the renewable energy sector, as well as a 36-metre high speed passenger ferry.

“Strategic Marine will also be busy with aluminium and steel fabrication work such as pontoons and gangways. The vessel contracts were awarded by new clients based in the United Kingdom and New Caledonia,” the statement added.

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