Mainboard-listed Tiong Woon Corporation Holding says wholly-owned subsidiary Tiong Woon Oil & Gas Services has completed the construction of parts of a 146.3-metre derrick pipelay barge for the owner and operator, NorCE Offshore Pte Ltd at its fabrication yard in Bintan, Indonesia.
The vessel, weighing 16,500 tonnes, was successfully launched today.
The $64.8 million maiden contract was signed with NorCE in August 2007. Under the contract, Tiong Woon was primarily responsible for building the hull and major sections of the vessel as well as installing the owner’s equipment.





