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.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...