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    Pelican Offshore to build supply vessels for Middle East

    News // February 26, 2007

    Pelican Offshore Services Pte Ltd, the the offshore chartering arm of Penguin Boat International Ltd, has signed a major shipbuilding contract worth about US$23 million with Abu
    Dhabi National Oil Company (ADNOC) on behalf of Penguin Shipyard International Pte Ltd.

    The contract with ADNOC calls for Pelican to manage the construction of three 55m high-speed Fast Supply Intervention Vessels (FSIV) at PSI for delivery commencing in the third quarter of 2008, with an option for one additional unit.

     

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