SINGAPORE -- Tiong Woon Corp Holding Ltd. subsidiary Tiong Woon Oil & Gas Services Pte. Ltd. has won a $42.7-million contract to build a derrick pipelay barge for Norce Offshore Pte. Ltd.
The vessel, to be delivered in Dec. 2008, will be built at the Singapore company's shipyard on the Indonesian island of Bintan.
The owner will supply equipment for the 146.3-m (480-ft) barge which will have a 1,100-metric ton (1,212.5-ton) marine crane, mooring system, and pipelay equipment to handle 48-in. (122-cm) diameter pipes. The vessel will operate in water depths to 200 m (656 ft).