Strategic Marine to Construct 3 Crew Boats

Strategic Marine has been awarded a contract to construct three 28 meter Crew Boats, bringing the company's current order book to more than US $200 million.

The vessels will be built at Strategic Marine’s Singapore Yard and will be delivered to Indonesian company PT. Baruna Raya Logistics in February, April and May 2011.

PT. Baruna Raya Logistics is a major operator of offshore service vessels and provides logistics support for offshore exploration, drilling, construction, production and other activities related to the offshore petroleum and the mining industry. The company currently has about 60 vessels bearing Indonesian flags and registries.

Strategic Marine's Managing Director Singapore Ron F. Anderson said, "The company is extremely pleased to be doing business with another repeat client and we are looking forward to working closely with Baruna Raya Logistics on their new build program.

"Repeat business is extremely important to Strategic Marine as it reflects our commitment and quality we extend to our clients," Mr. Anderson said. "It also follows on from the four 31 meter Crew Boats that Strategic Marine delivered to Baruna Raya Logistics in March 2009."

The 28m vessels will be designed by Strategic Marine and Southerly Designs of Western Australia and incorporate a central deck house with seating for 60 rig crew. They will have fixed pitch propellers, reach speeds of 22 knots and have 55m2 of clear deck space. Each of the vessels will be powered by two marine diesel engines to deliver a total 2400bhp.

Mr. Anderson said the company had started 2010 with a strong focus on new projects in several market sectors.

"Our current order book now stands at more than US$200 million and we have many new exciting opportunities on the horizon," Mr. Anderson said.

"We have recently signed a contract to build four electric-powered water taxis at our Singapore yard and our Vietnam yard continues to steam ahead with all of its projects on track.

"Furthermore, we will be constructing a second 40 meter Crew Boat on speculation after the first 40 meter Crew Boat we chose to build on speculation was purchased by Tiong Woon."