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    VT Haltermarine wins $10.2 million order for OSV

    News // November 22, 2002
    VT Halter Marine has disclosed its first newbuilding order since acquisition of the former Halter Marine by Singapore Technologies.

    The contract is for an OSV for an undisclosed owner and is worth in excess of S$18 million (US$ 10.22 million). The contract also includes options for six additional vessels which, if exercised, could bring the total contract value to exceed S$ 120 million (US $68 million).

    The 220 ft x 46 ft x 17 ft OSV has a liquid-mud capacity of 4,700 barrels and a dry bulk mud capacity of 8,420 cubic feet. The main-propulsion system consists of two, 2,000 hp Z-drives. The vessel will be equipped with an automated cargo-control system and a dynamic-position system. It will be classed by ABS and U.S. flagged for international service.

    The vessel is expected to be delivered in approximately 13 months.

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