STX Europe opens modern shipyard in Vietnam

29.04.2010

STX Europe officially launched its shipyard in Vung Tau on April 28th, 2010, in connection with the naming of the grand new first vessel. STX Europe's shipyard has taken a strategically important position in the Asian market for offshore vessels.

With the investment in excess of 30 million dollars, 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.

Speaking at the launch, Mr. Knut Ola, Chairman of STX Vietnam Offshore Ltd says ‘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.

The Skandi Emerald, owned by Aker DOF Deepwater, will be servicing anchor handling operations and take on transportation of general cargo for the offshore industry.

The STX Vietnam Offshore shipyard is a modern shipyard in Vietnam, set up for the highest international standard. At the full operation, the yard can reach a capacity of four medium size vessels per year. As an international shipbuilding group, STX Europe aims to be the preferred builder of offshore and specialized vessels serving the oil industry.

Vietnam offers a unique combination of cost efficient production, highly skilled workforce and proximity to the important and growing Asian offshore market.

The shipyard in Vietnam is designed and built to fulfill STX Europe's commitment and focus on the environment in all its operations. Focus on Health Safety and Environment is of vital importance at all STX Europe shipyards. In Vietnam, STX is investing in ground breaking measures to safeguard all of these commitments.

STX Europe ASA