Strategic Marine
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Strategic Marine (S) Pte Ltd ("Strategic Marine") is a specialist aluminium and steel shipbuilder, constructing commercial and governmental vessels.[1] based in Singapore[2]. It operates a shipyard located at 5 Benoi Road, Western Singapore where it carries out the bulk of its shipbuilding and ship repair works.
The company has built more than 600 boats, its main products are fast crew boats, ferries, offshore wind farms and paramilitary vessels.
History[edit]
Strategic Marine originated as Geraldton Boat Builders Pty Ltd in 1984 in Geraldton, Western Australia, as a company constructing offshore fishing boats. Strategic Marine (S) Pte Ltd was founded in 1998[3] when it entered into a Singapore joint venture to build more than 70 vessels for the Singapore Police Coast Guard[4] and Malaysian Marine Operations Force.
In 2001, Strategic Marine won an order for three offshore vessels which marked the company's entry into the oil and gas markets[5].
In 2003, the company secured a shipyard in Tuas, Western Singapore to build defence and paramilitary vessels and fast crew boats. In 2008, Strategic Marine doubled the capacity of the Singapore facility[6].
In 2014, the company was acquired by Triyards Holdings Ltd[7], a Singapore Stock Exchange listed entity.
In 2016, Strategic Marine (S) Pte Ltd relocated to a new facility operated by Triyards Group to increase integration across several company divisions.
In early 2019, Strategic Marine, a 100% owned subsidiary of Triyards, was placed in receivership[8]. Triyards was placed under Judicial Management in Feb 2020[9]
In 2019 Strategic Marine (S) Pte Ltd and Triyards Strategic Marine Australia Pty Ltd[10] were acquired by Vanguard Investment Holding Pte Ltd. Triyards Strategic Marine Australia Pty Ltd was subsequently renamed as Strategic Marine Australia Pty Ltd by the new shareholders and a new management team was appointed. The company expanded to offer financial services to the shipbuilding and modular fabrication industries including construction finance, leasing arrangements and investor equity funding.[11]
In 2022 Strategic Marine (S) Pte Ltd acquired a larger shipbuilding facility[12] on 5 Benoi Road in an established industrial area in Western Singapore. The new yard includes a 5,000 DWT dry dock (L:105m x W:18.5m x D:8m) and a 6,000 DWT slipway.
Current management[edit]
Chief Executive Officer: Chan Eng Yew
Chief Corporate Finance Officer: Ivan Koh
Chief Financial Officer: Wong Chai Vei
Type of Ships Built[edit]
| Vessel types | Length | Description |
|---|---|---|
| Fast Crew Boats | 40m / 42m | Fast crew boats[13] are used in the offshore oil and gas industry, primarily for the transfer of passengers from shore to the offshore worksite, between offshore worksites and for vessel transfers. |
| Crew Transfer Vessels | 27m | Crew Transfer Vessels (CTVs)[14] are used during the construction, maintenance, and the operation of offshore wind farms. While most vessels will work in different markets, CTVs [15]have emerged as a specialist area. These vessels are used to transport wind farm technicians, other personnel and equipment spares out to sites daily. |
| Ferries | 70M LNG ROPAX / 85M ROPAX | The company’s monohull, catamaran and multihull ferry designs can be adjusted to meet client specifications in terms of passenger and vehicle carrying capacity, cruising and maximum speeds, distances to be covered and weather expected to be encountered. Considerations such as low-wash designs for inland waterway use, open ocean weather conditions and enhanced safety features for passengers are reflected in the design of these craft. |
| Security & Paramilitary Vessels | 10m / 16m / 70m | The company builds a wide range of defence and security related vessels from 10m fast response and patrol vessels to larger 16m to 70m patrol and interception boats, all capable of speeds of at least 30 knots and up to 52 knots. |
References[edit]
- ↑ "Abu Dhabi Ship Building and Strategic Marine team up for vessel tenders". Seatrade Maritime. 2017-02-02. Retrieved 2021-01-27.
- ↑ Ltd, Renews (2020-10-14). "Singapore yard to deliver European CTV duo". reNEWS - Renewable Energy News. Retrieved 2021-01-27.
- ↑ "Strategic Marine Singapore Pte Ltd - Company Profile and News". Bloomberg.com. Retrieved 2021-01-27.
- ↑ "Singapore Police Coast Guard Patrol Boat". Southerly Designs - Marine Vessel Design. Retrieved 2021-01-27.
- ↑ "Australian shipbuilding group becomes global player". Riviera. Retrieved 2021-01-27.
- ↑ "StackPath". www.offshore-mag.com. Retrieved 2021-01-27.
- ↑ Migration (2014-10-21). "Singapore-listed Triyards acquires aluminium shipbuilding company | The Straits Times". www.straitstimes.com. Retrieved 2022-04-19.
- ↑ Hwee, Tan Hwee (2018-09-17). "DBS appoints receiver for Triyards unit". The Business Times. Retrieved 2021-01-27.
- ↑ "Chan Eng Yew resigns as Triyards placed under judicial management". Splash247. 2020-02-17. Retrieved 2021-01-27.
- ↑ Migration (2014-10-21). "Singapore-listed Triyards acquires aluminium shipbuilding company | The Straits Times". www.straitstimes.com. Retrieved 2022-04-19.
- ↑ "New finance options help Strategic Marine win wind farm ship order". Maritime Shipping News. 2020-10-15. Retrieved 2021-01-27.
- ↑ "Strategic Marine buys shipyard in Singapore". Ship Technology. 2022-02-07. Retrieved 2022-04-19.
- ↑ "Strategic Marine Launches Next Generation Strat Cat CTV Design for Offshore Wind Market". www.vesselfinder.com. Retrieved 2022-04-19.
- ↑ Dixon (g_dixon), Gary (2021-10-20). "Sam Pan orders up to 12 hybrid CTVs at Strategic Marine | TradeWinds". TradeWinds | Latest shipping and maritime news. Retrieved 2022-04-19.
- ↑ "Waterjet Propelled Workboat Delivered for work Offshore in the Gulf of Guinea - maritime global news". maritimeglobalnews.com. Retrieved 2022-04-19.
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