Dyna-Mac Bags Fabrication Contract for FPSOs
Singapore-based Dyna-Mac Holdings Ltd (Dyna-Mac), a provider of detailed engineering, procurement and construction services to the offshore industries, announced that it has secured a new fabrication order for a provisional sum of $107 million (SGD 135 million).
The order is from our regular client for the fabrication of topside module of various sizes, manifolds and flare towers for two FPSOs (floating production storage and offloading) to be carried out in both our yards in Singapore and Guangzhou, China. Production will commence in late 3Q 2013.
The above orders are expected to have a positive contribution to Dyna-Mac’s earnings per share for the year ending Dec. 31. However, the contracts are not expected to have a material impact on Dyna-Mac’s net tangible assets per share for the year ending Dec. 31.
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- Dyna-Mac Bags $8.5M Fabrication Contract from Singapore-based Firm (Aug 27)
- Dyna-Mac Secures $48M Topside Module Fabrication Contract for East Hub FPSO (Feb 10)
- Dyna-Mac Bags $71M Contract to Build Topsides, Flare Tower for Catcher FPSO (Jan 06)