SMIT Singapore wins $180 million Navy salvage and towing contract
The Singapore-based marine services firm will provide harbor clearance, ocean engineering and point-to-point towing in the Western Pacific through July 2031 under a competitively awarded Navy deal.
The Singapore-based marine services firm will provide harbor clearance, ocean engineering and point-to-point towing in the Western Pacific through July 2031 under a competitively awarded Navy deal.
SMIT Singapore Pte Ltd.has won a $180 million Navy contract for salvage-related towing, harbor clearance and ocean engineering work on July 2, 2026.
The award covers salvage-related towing, harbor clearance, ocean engineering projects and point-to-point towing services under a cost-plus-award-fee, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. Work will be performed in the Western Pacific region and is expected to be completed by July 2031. The Naval Sea Systems Command in Washington, D.C., is the contracting activity (N00024-26-D-4308).
Fiscal 2026 operations and maintenance (Navy) funds of $5,000 will be obligated at the time of award, all of which will expire at the end of the current fiscal year. The contract was competitively procured through the System for Award Management website, with five offers received.
SMIT Singapore provides emergency response, salvage, wreck removal and towage services and operates around the clock from strategic centers in Rotterdam, Houston, Cape Town and Singapore (see recordowl.com). The firm registered in Singapore in 1985 and lists a paid-up capital of $15 million, with its registered office at 23 Gul Road (see recordowl.com). The company manages a fleet of roughly 10 vessels, weighted toward tugs and harbor craft, with total deadweight tonnage near 22,048 metric tons (see magicport.ai).
This represents the first contract recorded for SMIT Singapore Pte Ltd.in the database for 2026, bringing the company’s total contract value for the year to $180 million. It is also the 17th Department of Defense contract awarded in Washington during 2026. The award falls between the 2026 Navy portfolio’s year-to-date minimum of $9.2 million and maximum of $8 billion.
The award was announced among three Department of Defense contracts issued nationwide on July 2, 2026.
This contract represents the 1st contract awarded to SMIT Singapore Pte Ltd., Singapore, in 2026, bringing the company’s total contract value for the year to $180,000,000. It is also the 17th Department of Defense contract awarded in Washington during 2026. Because this is the first award to SMIT Singapore Pte Ltd., Singapore recorded in the database, it establishes the company’s initial benchmark within the Navy portfolio. Specifically, it falls between the 2026 Navy portfolio’s year-to-date minimum of $9,235,416 and maximum of $8,000,000,000. Overall, this award was announced among 3 Department of Defense contracts issued nationwide on July 2, 2026.
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Note: Chart generated by NewsFindr for SMIT Singapore Pte Ltd., Singapore on July 2, 2026 at 4:20 PM EST