Patriot Mechanical Handling Inc.
announce that it has received an order from Dalian New Shipbuilding, based in Dalian, China
. This is an expansion of an existing relationship with Dalian, which the company expects to continue to grow.
The Dalian order calls for Patriot to deliver 4 CTU's (Conductor Tensioning Systems) on the new builds being purchased by Noble drilling, Seatankers, and COSL respectively. The order is valued at $3,286,000. Additional options are being considered by Dalian, which would increase the order amount accordingly. Patriot also obtained a Memorandum of Understanding (MOU) to supply Dalian with additional Subsea handling equipment over the next 12 months as needed.