EOC orders two offshore accommodation vessels

2014-07-18

EOC Limited has entered into shipbuilding contracts to construct two new accommodation/maintenance vessels, in line with its focus on growing its offshore accommodation business.

The $72m shipbuilding contracts were won by China’s Xiamen Shipbuilding Industry Co, Oslo-listed EOC announced on Thursday. The contract comes with options for a further two sister vessels.

“The shipbuilding contract price does not include owner furnished and nominated equipment,” EOC stated.

“The addition of these two new accommodation vessels is in line with the group’s strategy to continue to grow its fleet and build on its platform as one of the largest offshore accommodation and support services providers in the region,” it added.

Last week, EOC entered into an agreement with its largest shareholder, Singapore’s Ezra Holdings, to consolidate Ezra’s offshore support services division EMAS Marine under EOC.

EOC has also proposed a secondary listing on the Singapore Exchange.

Source from : Seatrade Global

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