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

Contracts

Horizon Delivers Second 80’ Towboat to FMT

Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La.

SFL Acquires Eight Bulk Carriers from Golden Ocean

Ship Finance International Limited (SFL) has entered an agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited, the company announced today.

Northrop Grumman Navigation Systems for Canadian Navy

Northrop Grumman Corporation's Sperry Marine business unit has been selected to design and supply gyrocompass navigation systems for 12  Kingston Class coastal

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1485 sec (7 req/sec)