Grandweld Shipyards announces contract to build four heavy-duty Crane/Work Boats for Kuwait Oil Company
- Kuwait: Thursday, February 28 - 2013 at 11:24
- PRESS RELEASE
Grandweld Shipyards, one of the region's most established and versatile shipbuilders, has announced the signing of a contract with Kuwait Oil Company to design and build a series of four Crane / Workboat class vessels. The contract is valued at a total of $50m over the duration of the build.
Propulsion power is provided by 2 x 1432 bhp engines at 1000 rpm, generating 35 tons of bollard pull. Additionally, the vessels will be fitted with 2X Azimuthing stern propulsion system and bow thruster, to enhance the vessel's maneuverability.
Kuwait Oil Company (KOC) is a subsidiary of the Government-owned Kuwait Petroleum Corporation (KPC). In 2012, Dubai-based Grandweld Shipyards delivered two service boats to Kuwait Oil Tanker Company, another subsidiary of the Kuwait Petroleum Corporation. This new contract further cements the relationship between Grandweld and KPC's subsidiaries.
The contract signing ceremony was held at KOC headquarters in Kuwait. The first vessel will be delivered in May 2014, with the fourth and final vessel to be delivered in February, 2015.
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