Strategic Marine to Open GOM Shipyard

Strategic Marine will open its first shipyard in the Americas in early 2008 following a successful joint venture bid with Servicios Navales E Industriales S.A. DE C.V. (SENI) to build two 52m aluminum crew boats for Arrendadora Ocean Mexicana S.A. de CV (Blue Marine Offshore) in Mexico.

The US$11.89 million contract will see the two vessels operated by Blue Marine Offshore for its Pemex contract in the Gulf of Mexico.

Work on the contract is scheduled to commence this year, before which Strategic will work with SENI to upgrade its existing maintenance facility at Mazatlan on the Mexican west coast.

Both vessels will be based on Strategic's Deep V High Speed Planing Hull design and will be operated by a 10-man crew with a 60 passengers capacity in addition to 100 tonne of cargo at a cruising speed of 20knts.

The Mazatlan yard will provide Strategic Marine with the ability to target both the North and South American offshore and para-military markets.

Design of the two vessels will be undertaken at the company's Henderson facility in Western Australia. Strategic Marine plans to construct two additional crew boats in anticipation of future orders from operators in the oil and gas sector.

The company's order book now stands at more than US$200 million.