STRATEGIC MARINE AWARDED MALAYSIAN CREW BOAT CONTRACT

Strategic Marine has secured a contract with JCB Oil & Gas Services Sdn Bhd, a Malaysian company involved in providing services to the expanding oil and gas sector in the country. Under the contract JCB Oil & Gas will purchase two 40 metre Crew Boats (with a further option for two additional vessels). The vessels will be delivered in the fourth quarter of 2011 at Strategic Marine's Singapore shipyard.

The Australian owned Shipbuilding company is no stranger to the Malaysian market. With the sale of vessels, Hull 337 and 345, pushing Strategic Marine's total boats supplied into the Malaysian marine sector to twenty-eight.

Strategic Marine currently has one remaining Crew Boat for sale, however, negotiations are well underway with numerous clients to purchase this along with potentially several additional vessels. "We do not anticipate this vessel to be available much longer, the market interest is extremely promising and we hope to finalise a deal in a matter of weeks", stated Terry O'Connor.

Strategic Marine is currently contracted for more than 250 vessels at its yards in Australia, Vietnam, Mexico and Singapore.
Source: Strategic Marine