Singapore-listed Triyards Holdings Limited continues to push beyond the offshore oil & gas (O&G) sector with its latest string of contracts worth US$45.5m, despite the current environment.

One of the newly minted contracts will see the group build a scientific research vessel for a new client Taiwan Ocean Research Institute, National Applied Research Laboratories (TORI), a Taiwan government agency.

Scheduled for completion on Aug. 31, 2017, the diesel electric-powered workboat worth over US$26.4m will be used to support on-going research activities of the TORI.

The other orders were secured by wholly owned Strategic Marine and include two 26-metre wind farm crew transfer vessels, which will support opportunities in the renewable energy sector, as well as a 36-metre high speed passenger ferry.

The vessel contracts were awarded by new clients based in the United Kingdom and New Caledonia.