Abu Dhabi: Adnoc subsidiary Esnaad, a marine and supply base services company, has ordered five new vessels from Singapore at a cost of $60 million as part of its fleet replacement, a top company official revealed.
Darwish A. Al Qubaisi, General Manager, said that the fleet replacement process is ongoing to meet the expansion needs of the company.
"The five new vessels two anchor handling vessels and three work boats will be built by Singapore-based Labroy Shipbuilding and Engineering. Deliveries are expected to be in 2008," Al Qubaisi said.
"We are constantly replacing our fleet and adding new vessels and by 2010 we will have a moderately new fleet. The fleet replacement will be done in a phased manner by chartering, building or purchasing outright vessels."
Esnaad took delivery of two new vessels yesterday, both, anchor handling towing supply vessels built by Singapore-based Otto Engineering at a cost of $24 million.
"The new, multi-purpose vessels will replace smaller vessels and they are essentially supply and anchor handling vessels. They are also used to tow rigs and other purposes," said Al Qubaisi.
Currently, the company owns a fleet of 26 multipurpose vessels and manages nine chartered vessels offering services to major clients, mainly Adnoc companies.
"Our primary focus market is Abu Dhabi and Adnoc operating companies. But as we expand we plan to go to regional markets such as Qatar, Iran and India where we undertook work earlier. We are also looking at some other markets," Al Qubaisi said without elaborating. "Esnaad will also take delivery of a 40-metre crew boat from Abu Dhabi Ship Building in April next year."
The $4.9 million contract was awarded last year to ADSB to design and build the crew boat.
