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The recent strong expansion of the oil and gas
sectors has boosted the demand for more
offshore-related vessels and structures keeping
shipyards and fabrication facilities busy.
In addition to the expansion in demand stemming
from increased exploration and production
activities, there has also been a pressing need
for fleet modernisation with vessels that have
specifications to service larger and more
complicated offshore operations and rigs in
deeper waters and harsher conditions.
Disclosing this, the managing director of
Boustead Naval (BN) Shipyard Sdn Bhd, Dato’ Seri
Ahmad Ramli Hj Mohd Nor said the buoyant market
condition is also reflected in the company’s
orderbook.
The growing orders for offshore supply ships and
tankers also reflect the growing confidence in
our ability to manage and deliver on our
shipbuilding capabilities,” said Ahmad Ramli.
He said BN Shipyard, the subsidiary of Boustead
Heavy Industry Coporation Bhd (BHIC) received
recent orders for the two 7,000 dwt oil/chemical
tankers estimated at Rm100 million from Sealink
Sdn Bhd.
BN has also earlier concluded a deal with
Sealink Sdn Bhd to build a 67-metre tug supply
vessel at about US128 million to cater for the
booming offshore demand.
BN is also undertaking for Tanjung Offshore
Services Sdn Bhd engineering, construction,
commission, testing and deliver of one unit of
60.8 metres well testing and servicing vessel.
The contract worth RM47.80 million comes
together with the machinery, equipment, tools
and any other materials to be incorporated in
the Vessel.
The 61 metre well testing and servicing vessel
with an engine capacity of 5,444 brake horse
power, is designed and equipped to perform well
testing and well stimulation services for
offshore oil and gas platforms in Malaysian
waters.
The construction and commissioning of the vessel
is expected to be completed by the third quarter
of financial year ending 2008.
Overall, the shipbuilding sector for BN posted a
remarkable improvement of 115 per cent growth to
RM62.40 million for the financial period ended
on 30 September 2007 as against RM29 million in
the previous financial period.
Construction and shipbuilding component posted
209.70 per cent growth totaling RM44.45 million
and the ship repairing and maintenance sector
recorded 22.8 per cent growth totaling RM18
million for the financial period ended 30
September 2007. |
