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Triyards secures yet another Liftboat for US$ 50.5million
Triyards Holdings Limited announced that it has secured another liftboat contract. This follows the two liftboat contracts it secured in July for US$ 112million. In total Triyards has secured 14 liftboat contracts to date. The interest in liftboat comes as Operators realise the high value-to-cost ratio of using liftboards. This latest liftboat contract is worth US$ 50.5million. Expected completion is in 2014. Going forward, Triyards is enhancing its product offerings by launching 2 proprietary design offshore vessels. One is a third generation liftboat for deeper and harsher conditions. The other is a high pressure high temperature drilling jackup rig.
GET TO THE POINT : Always good for a yard to have its own proprietary design. Especially so if those proprietary designs are valued by industry players. Looks lilke Triyards has hit the spot with its liftboats.
(Picture from Triyards Holdings Limited)
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