Singmarine Delivers Petroships' Tanker on Schedule
Singmarine Industries Limited (Singmarine) has completed and delivered a 6,500 dwt product tanker to Petroships Pte Ltd (Petroships).
The vessel, the first of the two-tanker contract at $35 million, was completed on schedule bv Singmarine Dockyard, the flagship company of Singmarine.
In a ceremony held at Singmarine Dockyard's Main Yard, Mrs Khoo Kay Chai, wife of Dr Khoo Kay Chai, Principal of Singapore Polytechnic, named the vessel" Petro Venture".
Mr Teh Kong Leong, Chairman of Singmarine Dockyard and director of Marine Department said, "The prompt delivery of Petro Venture, the first vessel we have built for Petroships, is a demonstration of our commitment to our customers as well as quality in our products.
"We look forward to further strengthening our business relationship with Petroships through excellent service, both in our shipbuilding and shiprepair divisions."
Mr Alan Chan, Chairman of Petroships said, "We are confident that with the addition of Petro Venture, our fleet is well poised to serve the growing needs for energy in the East Asian region."
Measuring 110 metres, MT Petro Venture has a cargo capacity of 7,800 cubic metres with two cargo pumps, each delivering 750 cubic metres of oil per hour. Powered by a Hanshin engine, the 20-crew vessel is capable of a service speed of 12 knots. It is in accordance with the classification rules of Nippon Kaiji Kyokai of Japan with the notation - NKK NS* (Tob) MNS*.
Meanwhile, work is in progress on Petro Venture's sister vessel which is expected to be delivered in the third quarter of the year.
The Petroships Group owns and operates nine tankers and handles another four owned by its associates in Malaysia. It is a member of a consortium involved in the development of a port on the Changjiang river in Changshu, north of Suzhou.
Singmarine Dockyard is presently busy with the construction of a containership for Steamers Containerships Holdings Pte Ltd and two harbour tugs for Keppel Smit Towage Pte Ltd, in addition to the second tanker for Petroships.
