Grandweld to Build Four Crane/Workboats for KOC

Grandweld Shipyards has signed a contract with Kuwait Oil Company to design and build a series of four crane/workboat class vessels. The contract is valued at a total of USD $50 million over the duration of the build.

Grandweld’s crane/workboats are designed and built in-house to meet the specific needs of KOC's requirements; these state of the art vessels are designed to undertake tasks such as lifting and moving heavy equipment, oil pollution control, SBM hose handling, FO/FW supply, and other related duties. Each vessel comes with a crane capable of lifting 20 tons at 10 meters radius.

Propulsion power is provided by 2 x 1432 bhp engines at 1000 rpm, generating 35 tons of bollard pull.  Additionally, the vessels will be fitted with 2X Azimuthing stern propulsion system and bow thruster, to enhance the vessel’s maneuverability.

Kuwait Oil Company (KOC) is a subsidiary of the Government-owned Kuwait Petroleum Corporation (KPC).  In 2012, Dubai-based Grandweld Shipyards delivered two service boats to Kuwait Oil Tanker Company, another subsidiary of the Kuwait Petroleum Corporation. This new contract further cements the relationship between Grandweld and KPC’s subsidiaries.

The contract signing ceremony was held at KOC headquarters in Kuwait. The first vessel will be delivered in May 2014, with the fourth and final vessel to be delivered in February, 2015.

www.grandweld.com