ST Engineering Secures Fast Patrol Boats, other Contracts Worth $414M in 2018 Q4

ST Engineering’s marine arm has won contracts worth S$560 million ($414 million) combined, in the last quarter of 2018.

The Ministry of Home Affairs awarded a contract for the design, construction and maintenance of Fast Patrol Boats for the Singapore Police Coast Guard. Construction of the boats is expected to commence in mid-2019, the company said in a statement Monday.

ST Engineering and Siemens have won an order for a 145MW SCC-800 2X1C SeaFloat barge-mounted power plant from Seaboard Corporation subsidiary Transcontinental Capital Corporation (Bermuda) Ltd.

The company is responsible for engineering design, procurement and construction of the floating power barge, the balance of plant and the installation of the floating power plant; while Siemen will provide a combined cycle power plant with a capacity of 145 megawatts (MW) and deliver its innovative hybrid SIESTART solution, combining a flexible (gas turbine) combined cycle power plant with a battery energy storage system.

The company has also won Mechanical & Electrical (M&E) contract for the mechanical, electrical, instrumentation and control works for Jurong Island Desalination Plant consisting of the Air Flotation system, Ultrafiltration system, and Reverse Osmosis system.

The Group has been awarded a contract by a foreign government for the detailed design and construction of two firm Logistics Support Vessels (LSVs) which includes in the United States (US).

Another contract in the US it won is from the Naval Sea Systems Command (NAVSEA) for the functional design engineering, procurement of long-lead time material, and limited advanced production to support the new T-AGS 67 Oceanographic Survey Ship. Work is expected to be completed by 2019, the company added.