Dyna-Mac has landed the biggest ever contract within the firm’s historical past, taking its orderbook to a document S$896m ($663m).
In a sequence of contracts with venture deliveries stretching to 2026, a widely known maker of FPSO, FSO and FSRU topside modules mentioned it had secured an order from an undisclosed shopper involving a document tonnage and variety of course of modules in a single contract.
The contract follows the Singapore-based fabricator’s transfer to safe further yard amenities to handle the spikes in floating manufacturing, storage and offloading (FPSO) vessel module fabrication demand.
Final yr, the corporate signed a memorandum of understanding with fellow offshore vessel operator and marine engineering companies supplier Kim Heng, giving it an choice for 2 yards with a mixed waterfront of 205 m and in January, it secured entry to yard amenities of about 4.5 hectares alongside Gul Street with the acquisition of Exterran Offshore.
“Group’s current capability growth and upgrading enable additional optimisation of building methodology and manufacturing workflow. These steps will improve Dyna-Mac’s productiveness, utilizing lesser manpower and time wanted for a similar quantity of labor,” the corporate famous in a inventory change submitting.
Dyna-Mac mentioned that along with its greatest deal to this point, a number of different just lately secured contracts embrace execution, fabrication, set up and integration work on vessels, and scope improve for present initiatives.
