UAE’s leading and fully integrated shipyard Grandweld has signed a contract with Stanford Marine, a major offshore services company in the Middle East, to build two 42m GrandSuperior crew boats.
According to the company statement, “These are Grandweld’s 11th and 12th vessels built for Stanford Marine.” The new contract shows the strong relationship between the sister companies and the huge market demand for Grandweld’s highly successful GrandSuperior series of 42m crew boats.
Further, this project comes at an important time for Stanford Marine as the company begins a planned fleet renewal program that will highlight the company’s accelerated growth following the Group’s debt restructuring in 2020.
Jamal Abki General Manager Grandweld Shipyards
“In 2021, we have secured multiple shipbuilding contracts worth $30 million. Although 2020 was difficult for the industry as a whole, we saw a surge in business. This has continued in 2021 and we now have a solid order book until the end of 2022. Our industry position and our capabilities have helped us gain the confidence of Stanford Marine, for whom we have built multiple vessels over the years. The recent crew boat orders are a testament to our shipbuilding quality and the vessels’ performance, and repeat business is proof that we routinely achieve our goal of delighting our customers. We are looking forward to contributing to the Group’s rapid growth and success.”
Mr. Shamjith N.V, General Manager of Stanford Marine said, “We are experiencing a rapid increase in demand for Offshore Support Vessels serving the oil and gas sector in the Middle East, South East Asia, and West Africa. Stanford Marine is well-positioned to take advantage of this market recovery; this order of new generation crew boats with Grandweld is in alignment with our business objectives and proves SM’s continued commitment to the business.”
“We assigned Grandweld to build these crew boats due to the vessel’s proven reliability, speed and capacity. The GrandSuperior design is renowned for high utilization rates, low maintenance requirements, and its versatile capabilities,” he further added.
