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    ST Marine wins Tidewater newbuilds

    Yard News // January 15, 2001
    Singapore Technologies Marine (ST Marine) has secured a S$98M contract to construct three Platform Supply Vessels (PSV) for Tidewater.

    Construction of the three PSVs is part of Tidewater's ongoing newbuild programme, and more contracts for newbuilds are thought to be about to be finalised.Designed to support offshore oil and gas exploration and development in deeper waters, the new generation supply vessels will have diesel-electric propulsion systems and will be fitted with two azimuthing thrusters.

    Design and construction work will commence immediately, and ST Marine expects to deliver the three units of PSVs to Tidewater Inc by the end of 2002.

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