Subsea 7 Announces Investment In New Pipelay Vessel

Wednesday, May 07, 2008

Subsea 7 Inc announced that it has signed a contract for the construction of a new-build pipelay and construction vessel.  The overall project cost is in the region of USD 190 million and is based on fixed prices from the Merwede shipyard.

The vessel will have an overall length of 133m and a beam of 24m.  She will be equipped with a pipelay suite for installing flexible flowlines and umbilicals, including a Vertical Lay System tower and twin underdeck carousels, a 250t crane from Huisman and twin 3000m-rated ROVs.  The ship is expected to be delivered in the third quarter of 2010.  The vessel further enhances Subsea 7's pipelay capabilities, particularly in deepwater.

Mel Fitzgerald, Subsea 7's Chief Executive Officer, stated: "We have invested in excess of $1bn in new vessels and equipment between 2006 - 2008.  Seven new vessels will join the fleet between 2007 and 2009.  This investment in yet another new vessel demonstrates our considerable commitment to becoming the Subsea Partner of Choice for our customers and reinforces our confidence in the market going forward."

"It also builds on Subsea 7's already strong working relationship with the Merwede shipyard where we have successfully built the and Seven Seas on time and on budget, and also with Huisman."

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Electronics Retrofit for Taiwanese Research Vessel

L-3 SAM Electronics has been awarded a contract to retrofit propulsion control and automation systems aboard the Taiwanese Navy’s Ta Kuan hydrographic and oceanographic research vessel.

Keels Laid for Two Aluminum OSVs

Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels   UAE-based shipbuilder Triangle Marine

Van Oord, Falck Ink Safety Training Deal

Van Oord has signed a two year contract with Falck Safety Services for the provision of safety training.   Van Oord, a contractor for dredging, marine engineering and offshore energy projects,

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1891 sec (5 req/sec)