Marco Polo Marine won two shipbuilding contracts worth a total of $27m from its associated company Pelayaran National Bina Buana Raya to construct two anchor handling tug supply (AHTS) vessels.
The two AHTS vessels of 5,400 bhp each are expected to be completed and delivered in late-2012.
The vessels will be Indonesia-flagged and deployed to provide services to the booming offshore oil and gas industries in Indonesia.
“Going forward, we will continue to leverage with our shipyard facilities to expand our fleet in the industries and benefit from the brisk demand in this region,” said Sean Lee, ceo of Marco Polo, an integrated marine logistics group.