Sembcorp Marine (SCM) has entered into an Engineering and Construction contract worth approximately USD1 billion with Heerema Offshore Services B.V. (HOS) to build a new DP3 semi-submersible crane vessel (NSCV), the company said in its press release. This follows an earlier exclusive letter-of-intent signed between SCM’s wholly owned subsidiary Jurong Shipyard Pte Ltd and HOS in March this year for the NSCV.
Scheduled for delivery in the fourth quarter of 2018, the NSCV is designed for the installation and decommissioning of major offshore facilities world-wide. It will be equipped with two Huisman heavy-lifting offshore cranes of 10,000 MT lifting capacity each and a large reinforced work deck area. With the vessel length of 220 metres, width of 102 metres and displacement of 273,700 MT, the NSCV will be the largest dual-fuel semi-submersible crane vessel in the world.
The NSCV will be built at the Sembcorp Marine Tuas Boulevard Yard, a state-of-the-art yard facility designed to maximise operational synergy and production efficiency. Phase 1 of Tuas Boulevard yard spans 73.3 hectares and is equipped with four VLCC drydocks with a total dock capacity of 1.55 million deadweight tonnes. Phase II spans 34.5 hectares and will include a steel fabrication facility and another three dry docks, including an offshore dock measuring 255 metres by 110 metres where the NSCV will be built.
The contract is not expected to have any material impact on the net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2015.
About Heerema Offshore Services
Heerema Offshore Services B.V. is a subsidiary of Heerema Marine Contractors Nederland Holding SE (HMC), a world leading marine contractor in the international offshore oil and gas industry. HMC excels at transporting, installing and removing offshore facilities. These include fixed and floating structures, subsea pipelines and infrastructures in shallow waters, deep and ultra-deep waters. The company is headquartered in Leiden, the Netherlands.
About Sembcorp Marine
Sembcorp Marine provides innovative engineering solutions to the global marine and offshore industry, drawing upon more than 50 years of track record. Our customers include major oil companies, drilling contractors, shipping companies as well as owners and operators of floating production units.