Dyna-Mac to Construct FPSO Topsides for Unnamed Client

Tuesday, October 3, 2023

Singapore-based Dyna-Mac has secured several contracts, including an order to construct topside modules for an FPSO vessel.

Dyna-Mac said that it had recently secured contracts worth a total provisional sum of S$88.0 million from unnamed repeat customers.

The main contract involves the construction of topside modules for an FPSO. Dyna-Mac will start the construction of the topside Modules in the first quarter of 2024 and will utilize the new yard space recently secured. 

The project is expected to be completed in the third quarter of 2025, after which Dyna-Mac will ship the module to China for integration with the vessel. 

The other contracts include the provision of services to execute fabrication, installation, and integration work "on vessels."

These new order wins will increase the net order book to S$630.7 million, with project delivery stretching into 2025. 

"The group remains encouraged by the strong level of inquiries received from both existing and new customers. The above new orders are not expected to have a material impact on the group’s earnings per share and net tangible assets for the current financial year ending December, 31, 2023," Dyna Mac said.

Categories: Offshore Vessels Engineering Industry News Activity FPSO Asia Floating Production

Related Stories

Miko Marine Gets MODEC’s Errea Wittu FPSO Job

Saipem Completes Ops on LNG Scheme Offshore Greece

KPI OceanConnect Concludes First Simultaneous LNG Bunkering Op

Current News

Kalypso, Royal IHC Partner to Build US' First Jones Act Cable Layer for Offshore Wind

First US-built WTIV Charybdis Launched

Venterra Expands Marine Hard Bottom Benthic Ecology and Hard Structure Services

Petrobras Hires SLB for Buzios Field Work Offshore Brazil

Subscribe for OE Digital E‑News