The vessel has been under charter with Subsea 7 for eight years and has a track record of successful pipelay installation projects across the globe.
The new fisheries research vessel of the Shanghai Ocean University will be a first for Voith in several respects.
It is the first fisheries research vessel
The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters.
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot,