ST Engg unit wins 33m yuan waste transfer station deal

THE ST Engineering (ST Engg) group has won a tender worth about 33 million yuan (S$6.5 million) in Wuhan, China, for the designing, building and delivery of a waste transfer station in Donghu Newtech Zone.

The project commences immediately and is expected to be completed by the third quarter of next year. The contract was awarded to ST Environmental Services & Technologies Co Ltd (STE&T), a wholly owned subsidiary of STSE Engineering Services Pte Ltd (STSE).

Since its incorporation in July last year, STE&T which is located in Shanghai’s new Pudong area, has bagged contracts worth about $12 million in China, including this latest win. It seeks to tap into China’s growing demand for eco services and technology.

STSE, which specialises in providing turnkey environmental engineering solutions such as waste transfer technology and landfill management, is a wholly owned subsidiary of ST Marine, the marine arm of ST Engg.

Separately, ST Engg announced that its US company, Vision Technologies Kinetics Inc (VTK), has acquired an additional 10 per cent equity stake in US-based MAK Technologies Inc from one of the individual shareholders, John Morrison, who has left the management team of MAK.

The purchase consideration was US$215,297 and, with this purchase, MAK becomes a 90 per cent owned subsidiary of ST Engg. The remaining 10 per cent is owned by Warren Katz, the chief executive of MAK.

VTK is a subsidiary of Vision Technologies Systems Inc, the US headquarters of ST Engg.

MAK is a world leader in simulation software that links, simulates and visualises the virtual worlds in a networked synthetic environment. The company builds commercial off-the-shelf simulation tools and toolkits that are used in developing trainers and simulators, from sophisticated networked mission training simulators to desktop training simulations, according to ST Engg.

ST Engg secures US$87m contract from US Navy

ST Engineering’s US shipyard continues to reel in US defence contracts, announcing yesterday a US$87 million contract to build an enhanced version of a T-AGS 60 Class oceanographic survey ship for the US Navy.
The contract was awarded to ST Marine’s VT Halter Marine. ST Marine is the marine arm of ST Engineering.

Construction of the 107.6-metre new ship, T-AGS 66, will begin at Halter Moss Point in the first half of next year, with delivery scheduled in 2013.

The dynamic positioning-equipped vessel will have various enhancements of its equipment and electronics systems as well as a moonpool for through-hull launch and retrieval of scientific research equipment.

T-AGS 60 Class ships are designed and constructed to provide multi-purpose oceanographic capabilities for the Oceanographer of the Navy.

Typical missions of the T-AGS 60 Class ships may include: oceanographic sampling and data collection of surface, midwater and ocean floor parameters; the launching, recovering, and towing of scientific packages both tethered and autonomous including the handling, monitoring, and servicing of remotely operated vehicles; shipboard oceanographic data processing and sample analysis; and precise navigation, track line manoeuvring, and station keeping to support deep ocean and coastal surveys.

VT Halter Marine is the leading designer and builder of specialised oceanographic ships for the US Navy and has built the previous six ships of the T-AGS 60 Class.

‘VT Halter Marine is pleased to be given the opportunity to continue our long standing partnership with the US Navy and this contract is a testament to our track record of designing and constructing quality T-AGS oceanographic vessels for the US Navy,’ said ST Marine president Chang Cheow Teck.

The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.