Favelle Favco Bags Offshore Crane Orders Worth $38.06M

Malaysia's Favelle Favco Berhad reported Friday that its wholly owned subsidiaries received offshore crane supply purchase orders or Letter of Intent respectively in August and September, the company said in an announcement on local stock exchange Bursa Malaysia.

Favelle Favco Cranes (M) Sdn Bhd clinched a contract from Thailand's Thai Nippon Steel & Sumikin Engineering & Construction Corp., Ltd. to provide an offshore crane for delivery in 3Q 2014, while Favelle Favco Cranes Pte Ltd received an offshore crane order from Singapore-based Sembcorp Marine Ltd.'s subsidiary PPL Shipyard Pte Ltd for delivery between 1Q 2015 and 3Q 2015.

The third offshore crane contract was awarded to Favelle Favco Cranes Pty Ltd by BP Exploration (Shah Deniz) Limited, with delivery scheduled to take place between end 2014 and early 2015, while China Merchants Heavy Industry (Jiangsu) Co., Ltd is scheduled to receive its offshore crane from Favelle Favco Cranes (M) Sdn Bhd in the the same time frame.

Favelle Favco reported that the approximate combined value of these offshore crane orders amounted to $38.06 million (MYR 120.7 million).



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
 Company: Favelle Favco Berhadmore info
 - Favelle Favco Bags Offshore Crane Orders Worth $38.06M (Sep 23)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Junior-Level Mechanical HVAC Design / Energy Audit Engineer
Expertise: HVAC|Mechanical Engineering
Location: San Antonio, TX
 
Energy Engineer
Expertise: Mechanical Engineering
Location: Gainesville, FL
 
Electrician Apprentice 1st Year- Hobbs, NM Job
Expertise: Electrician
Location: Hobbs, NM
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours