TOPL Bags Shipbuilding Contract From HHICL
Triumph Offshore Private Limited (TOPL), 100% subsidiary of Swan Energy Limited, has executed a shipbuilding contract with Hyundai Heavy Industries Company Limited, South Korea (HHICL), for the construction of a Floating Storage and Regasification Unit Vessel (FSRU) for the LNG Port Project of SLPL.
The LNG Port Project is first of its kind, all-weather greenfield Port Project being developed by SLPL.
In this regard, the Company, i.e., Swan Energy Limited has issued a Corporate Guarantee (CO) amounting to United States Dollars Two hundred and twenty-four million and four hundred thousand only (US$ 224,400,000) in favour of HHICL, which shall expire on the delivery of the Vessel to the TOPL.
- Bagged By:
- Industry:Transport Equipment
- Published On:2018-04-10