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    Swiber unit to build crane barges

    Vessel & ROV News // March 3, 2008

    LR-Fairplay's Daily Newbuilding News reports that Kreuz Shipbuilding & Engineering, a subsidiary of listed Swiber Holdings, has been awarded construction contracts worth US$20 million.

    These include design, engineering and fabrication of Single Point Mooring for an unspecified Malaysian oil company and construction and installation of two crane barges for Offshore Bulk Terminal, a subsidiary of OBT Holdings.

    A joint-venture with Singapore-based Mineral Energy, OBT is an associate company of the Swiber Group, which provides offshore transhipment services for coal and other dry bulk cargo in Indonesia.

    Scheduled date of completion of the SPM is second quarter this year while the two crane barges are targeted for delivery in the last quarter of 2008.

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