Triyards Holdings Limited has secured contracts to build two oil barges worth $21million for CPC Corporation.
The new contracts are for the construction of a pair of oil barges intended for coastal service and the supply of bunker fuel to vessels in Taiwan’s harbour and coastal areas.
The barges are expected to be delivered to the Taiwan state-owned oil and gas company in the second quarter of 2018.
Triyards chief executive Chan Eng Yew, said: “This attests to our continued efforts to diversify our orderbook beyond the traditional O&G sector.
“Not only have we broadened our product range but we have also added another blue-chip name to our growing pool of clients.
“With our flexibility in engineering and fabrication solutions, Triyards is well positioned to address opportunities beyond the O&G sector.”