NewswireTODAY - /newswire/ - Singapore, Singapore, 2010/12/20 - NORR Systems is glad to bring to our group a new division for Vessel ownership and management. Asset Management has always been a key direction for our group.

The company will invest US$20 million for construction of two 5,000 DWT product oil tankers.

As NORR Systems has already obtained the contract for the vessels for charter and bunkering, contract with the yard has also already been signed. Target delivery of ifrst vessel is 1st quarter 2012 and 2nd vessel 6 months thereafter.

The job scope includes Design, Engineering, Procurement and Project Management for the complete vessels.

Norr Systems will finance, supply equipment including main engines and all auxiliary equipments onboard vessel as well as provide project management on site to deliver quality vessels to owner. Furthermore, Norr Systems shall provide service contract for maintenance and servicing of the entire two vessels for the subsequent 7 years after completion of the turnkey contract.

With more than 20 years of experience, Norr Systems has successfully delivered countless automation systems and services to various companies in Asia and other parts of the world.

Recently, it has completed its delivery of equipment package to BP Angola PSVM FPSO. Success for repeated contracts can be attributed to the company’s reliable systems design, highly dedicated and technically-equipped engineers.

Norr Systems (NorrSystems.com) aims to be part of the growing global market share for new buildings. It will take part in providing services and infrastructure to the S$200 billion Offshore Oil and Gas industry.

Agency / Source: NORR Systems Pte Ltd

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