Offshore Staff

(Singapore) - Singapore-based Pan-United Marine Ltd. (PUM) has secured a $23 million contract to build a 78-m DP2 subsea construction vessel for HM2 Pte Ltd., a subsidiary of Hallin Marine Subsea International Plc.

PUM said the vessel would be built at its yard on the Indonesian island of Batam and delivered in 4Q 2008.

Meanwhile, PUM said its orderbook totaled $228.5 million at the end of March. During the 1Q 2006, the company secured four shipbuilding contracts and major repair and conversion jobs comprising reactivation of two drillships and conversion of two general cargo vessels.

05/15/06