ST Engineering - RHB Research 2025-01-21: Remaining Positive For 2025; Reiterate BUY

• ST Engineering announced a new shipbuilding contract win for the design and construction of a Walk-to-Work (W2W) vessel.
• Although the value of the contract was not disclosed, this marks ST Engineering’s expansion into the market for specialised vessels supporting offshore operations.
• - Read this at SGinvestors.io -

New contract details.

• The new shipbuilding contract for a leading oil & gas company is for a 97-metre W2W vessel, which will be able to accommodate 106 persons. The vessel will feature an advanced motion-compensated gangway to ensure safe personnel transfers in varying sea conditions and a 10-tonne crane with active heave compensation for more effective load handling in rough seas.
• - Read this at SGinvestors.io -

Expecting a strong end to 2024.

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Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2025-01-21 SGinvestors.io

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