FEBRUARY 7, 2012 — Singapore's Jaya Holdings Limited has delivered a new state-of-the-art multi-purpose offshore support vessel, Jaya Pride, from its Batam, Indonesia, shipyard.

Chief Executive Officer Venkatraman Sheshashayee says the vessel is "a highly versatile DP2 workboat for offshore platform maintenance" and is already fixed on a time charter with a key customer."

The 78-m vessel, which can accommodate up to 148 passengers and crew, is classed by ABS and will fly the Singapore flag.

Lim Siew Koon, President - Shipbuilding / Ship Repair, said: "Jaya Pride is another big step forward for our yard in Batam. It shows our ability to produce more and more complex vessels in our expanding facility. Jaya Pride is fully compliant with SPS Code 2008 and features one of the largest lattice boom cranes we have installed on a self-propelled vessel, a Liebherr model with 40 tons lifting capacity at 40 m reach, or 50 tons at 20 m, and man riding rating for personnel transfer."

George Horsington, President - Business Development, said: "Upon delivery, the vessel will start a term charter with Belait Offshore in the South China Sea. Platform maintenance vessels are in increasing demand, not just in South East Asia but Mexico and West Africa, two markets we are targeting. When offshore infrastructure requires renovation and refurbishment, this type of vessels play a pivotal role supplying accommodation and lifting capability for the work force. They can also be used for hook-up and commissioning work on new facilities, and for painting campaigns."

Mr. Horsington also confirmed Jaya expects to deliver a similar though larger Wärtsilä designed workboat from its Batam yard in 2014. "We are confident Jaya Pride will be the first of many such vessels for our chartered fleet in the coming years."

Jaya Pride's main Caterpillar engines deliver over 5,150 bhp output, supported by two bow thrusters and two stern thrusters from Kawasaki. The vessel has additional Volvo Penta generators and 650 sq. m of clear deck capacity for client equipment and cargo. Jaya Pride is fitted with both four point mooring and a Kongsberg dynamic positioning system. As well as two DGPS reference systems, the vessel has a Kongsberg high precision acoustic positioning (HiPAP) system for precision station-keeping and ROV work.