Malaysia, Singapore teamed up to build first green OSV

Three Malaysian shipbuilding and ship repair players have teamed up with a Singapore-based ship designer to build an environmentally friendly offshore supply vessel (OSV) in Malaysia.

The agreement was signed between Grade One Marine Shipyard (GOMS), Muhibbah Marine Engineering (MME) and Shin Yang Shipyard (SYS) and Singapore’s Evolution Concepts for the construction of what has been described as the first green OSV that will be made locally and supplied to the global market.

Under the agreement, the Malaysian companies would provide the shipyard facilities and end-to-end vessel construction while the Singapore company (EC) designs the vessel, incorporating the “green” technology.

The Association of Marine Industries of Malaysia (AMIM) is facilitating the collaboration for the project which tentatively commences in 2023.

The project costs around $25m and is expected to take around 18 to 24 months to be completed, from the designing to the building phase.