Drydocks World wins $104m PSV contract

21 October 2010

Drydocks World has won a $100.4m contract to build four platform supply vessels (PSV) for Tidewater Marine

Drydocks World has won a $100.4m contract to build four platform supply vessels (PSV) for Tidewater Marine, a wholly-owned subsidiary of Tidewater. Under the terms of the contract, Tidewater Marine has the option to place orders for four more PSV units to be built by DDW-Nanindah on the successful completion of the first four vessels. The vessels are to be built at DDW- Nanindah shipyard at Batam in Indonesia, with the first unit set for delivery in 18 months time, followed by the rest every two months.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.