STX OSV secures S$166mn deal with Aker Seafoods

The Diesel Electric Twin Screw Trawler vessels will be 70 meters long with a deadweight of 1,500 tons.

STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of three advanced stern trawlers for Aker Seafoods ASA (“Aker Seafoods”). The total contract value is approximately NOK 750 million (S$165.98 million). The Diesel Electric Twin Screw Trawler vessels will be of STX OSV’s own FV 01 design, and will be approximately 70 meters long with a deadweight of 1,500 tons. The hulls will be built and partly outfitted at STX OSV’s yard in Braila, Romania, and towed to Norway for final outfitting, commissioning and delivery. The vessels are scheduled for delivery between 2Q 2013 and 1Q 2014.

The new diesel electric trawler design with twin screw solution reflects Aker Seafoods’ high focus on fuel efficiency and environmental performance. The energy efficient hull form leads to reduced fuel consumption, and is designed according to clean design requirements. The vessels are optimized for minimum energy consumption throughout the different systems and equipment on board, and equipped with catalyst technology to reduce emissions, according to a STX OSV report.

STX OSV Chief Executive Officer Roy Reite commented: “This series of ultramodern trawlers is the result of a long development project where we have utilized our design- and shipbuilding competence from offshore shipbuilding, and Aker Seafoods has brought in their fishery expertise. We appreciate the excellent cooperation with Aker Seafoods, and we are very pleased that this innovative ship owner has placed new contracts with STX OSV.“

STX OSV, including its predecessor companies, has extensive experience in building fishing trawlers and other vessels for the fishing fleet. The vessels for Aker Seafoods will be the first in this market segment of STX OSV’s own design, broadening the company’s product offering in the specialized vessels segment.

Aker Seafoods is listed on the Norwegian stock exchange, and is one of Norway’s leading producers and exporters of white fish products. The company currently has a fleet of eleven trawlers.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia