STX debuts Vietnam offshore credentials

03 May 2010

STX Europe officially launched its shipyard in Vung Tau, Vietnam, on the occasion of the naming of the first vessel to be built there.

STX Europe's shipyard has taken a strategically important position in the Asian market for offshore vessels. With an investment in excess of $30 million, located in the heart of Vietnam's growing offshore operations, the new yard in Vung Tau will strengthen STX Europe`s ability to serve its international customers in the region, said the company in a statement.

Speaking at the launch, Knut Ola, Chairman of STX Vietnam Offshore, said: “The establishment of the shipyard and the building of the first vessel were completed ahead of schedule at a record speed. We started early in January 2007 and I am very pleased to see the result from the Vietnam team who has managed a challenging project of building a vessel and simultaneously having the yard constructed.”

“This first vessel, named Skandi Emerald, is the first in a series of six advanced anchor handling tug supply vessels. Skandi Emerald, owned by Aker DOF Deepwater, will be servicing anchor handling operations and take on transportation of general cargo for the offshore industry,” said Ola.

The STX Vietnam Offshore shipyard will, when fully operational, reach a capacity of four medium size vessels per year. The company asserts that Vietnam offers a combination of cost efficient production, highly skilled workforce and proximity to the important and growing Asian offshore market.

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