Skip to content

Syncrolift awarded contracts worth NOK 85 million

Nekkar ASA’s subsidiary Syncrolift AS has been awarded three contracts, with a combined value of approximately NOK 85 million, for various equipment deliveries for shiplifts and ship transfer systems.

Song Thu Shipyard in Vietnam has placed a contract for an extension of a shiplift and transfer system previously supplied by Syncrolift.

An undisclosed maritime zone in the Middle East has placed an order for a ship transfer system.

In addition, Cochin Shipyard in India has entered into an agreement with Syncrolift to reactivate a previously paused shiplift project, with associated reimbursement to Syncrolift.

Syncrolift will conduct engineering and project management for all three projects from its headquarter in Vestby, Norway. Equipment deliveries and commissioning will be conducted throughout 2023 and 2024.

“The Song Thu project reiterates Syncrolift’s excellent track record at this yard, while the contract in the Middle East could open the door for further deliveries in the future. Moreover, we are very pleased to see that Cochin Shipyard’s project is back on track. Overall, these awards represent the high tender activity we see in the market, and we are delighted to maintain a high win-rate,” says Rolf-Atle Tomassen, managing director of Syncrolift AS.

Syncrolift is the world’s leading manufacturer of ship lifts and transfer systems. The company is a wholly owned subsidiary of Oslo-listed Nekkar ASA.