Tanjung Offshore invests in AHTSVessel & ROV News // November 8, 2006
Tanjung Offshore Bhd's unit Tanjung Kapal Services Sdn Bhd has awarded a RM41 million shipbuilding contract to Boustead Naval Shipyard Sdn Bhd for an anchor-handling tug and supply vessel.
The company said construction of the vessel would be financed by internal funds and borrowings.
Completion of the vessel is expected to be the third quarter of 2008.
The company said the 60m vessel would also be able to perform as a safety standby vessel for offshore drilling and workover rigs.
Tanjung said the vessel could also be used for fire fighting, provision of supply and transportation of equipment and cargo between offshore facilities and platforms.