
Photos by Leong Chan Teik

Vessels were seen berthed at Technics Offshore's jetty in Loyang this week for a wide range of services from Technics Offshore, a subsidiary of Technics Oil & Gas.
In the picture above, a massive crane has finished its work for the owners of a platform support vessel.
In the picture on the right, the same vessel's anchor system can be seen to be under repair by workers on a scaffolding set-up.
The 87-m long vessel is scheduled to be requiring work and services over three weeks that would bring in at least $100,000 in revenue for Technics, said Technics chairman Robin Ting.
As we have reported previously, the revenue and profit potentially could run into millions of dollars a year. (See: TECHNICS OIL & GAS: 'Cash-cow' business ready for takeoff)
This is very much a service business that could prove to be a cashcow.

The competitor's jetty capacity, though bigger, does not provide for vessel repair services.
Technics' jetty and related infrastructure, as well as deep-water dredging for a draft (minimum depth of water a vessel can safely navigate) of 6.6 metres, was completed this year after 3 years and at a cost totalling nearly S$20 million.
It's a new revenue stream to boost Technics' core business of being a full service integrator of compression systems and process modules in the oil and gas industry.
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