A subsidiary of China Merchant Industry Holding (CMI) has won a $73.6m contract from Jasper Investments to convert its semi-submersible vessel ‘Neptune Finder’ into an accommodation vessel.

The conversion works will be carried out at YDSL’s shipyard at Shekou in Shenzhen, China, and are expected to be completed in the second quarter of 2013.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company said that as per the terms of the contract, the conversion cost will be paid upon delivery of the vessel.

The conversion will bring its fleet of vessels available for charter to four, comprising a drillship, two premium jackups and one floatel.

Ship Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Ship Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving shipping industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now