Triyards Holdings Inks US$12.8 Million Contract From New Client

Triyards Holdings has extended its product range to escort tugs for new client Greenbay Marine, a Singapore-based international specialist marine craft group, demonstrating the group’s established versatile engineering capabilities.

Worth approximately US$12.8 million, the contract is for four tugboats specially constructed for escort operations in adverse sea and weather conditions. The tug boats are expected to be delivered early 2017 and will add to the firm’s growing earnings visibility for FY17.

Moving forward, the group stated it will continue to execute their product and sector diversification strategy to build a diversified orderbook. As at October 2015, the group’s orderbook stood at US$564 million.

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