Sea Trucks secures $130M facility to finance completion of Jascon 18

Sea Trucks Group Ltd.

Sea Trucks Group Ltd., an international oil and gas marine contractor, has secured a $130 million facility to finance the completion of its Jascon 18 multipurpose construction support vessel.

Jascon 18 will continue the final stages of outfitting at the Kwong-Soon shipyard in Singapore, where work on the accommodation blocks, cabling, piping, and installation of an 1,800-ton main crane has already begun.

The vessel is expected to be delivered in the third quarter of 2015.

 

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