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    STX Europe opens yard in Vietnam - names first offshore vessel

    Yard News // April 30, 2010

    STX Europe officially launched its shipyard in Vung Tau, Vietnam on April 28th 2010, in connection with the naming of the first vessel built there.

    STX Europe's shipyard has taken a strategically important position in the Asian market for offshore vessels. With an investment in excess of US$30 million, located in the heart of Vietnam's growing offshore operations, the new yard in Vung Tau will strengthen STX Europe`s ability to serve its international customers in the region, said the company in a statement.

    Speaking at the launch, Knut Ola, Chairman of STX Vietnam Offshore Ltd, said: "The establishment of the shipyard and the building of the first vessel were completed ahead of schedule at a record speed. We started early in January 2007 and I am very pleased to see the result from the Vietnam team who has managed a challenging project of building a vessel and simultaneously having the yard constructed."

    "This first vessel, named Skandi Emerald, is the first in a series of six advanced anchor handling tug supply vessels. Skandi Emerald, owned by Aker DOF Deepwater, will be servicing anchor handling operations and take on transportation of general cargo for the offshore industry," said Mr Ola.

    "The STX Vietnam Offshore shipyard is a modern shipyard in Vietnam, set up for the highest international standard. At the full operation, the yard can reach a capacity of four medium size vessels per year," said the statement. "As an international shipbuilding group, STX Europe aims to be the preferred builder of offshore and specialized vessels serving the oil industry."

    "Vietnam offers a unique combination of cost efficient production, highly skilled workforce and proximity to the important and growing Asian offshore market. The shipyard in Vietnam is designed and built to fulfill STX Europe's commitment and focus on the environment in all its operations."

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