Zhenhua to Build Two Pipe-Laying Vessels

17 June 2010 (Last Updated June 17th, 2010 18:30)

Zhenhua Heavy Industries has secured two orders worth CNY1.15bn ($168m) to build pipe-laying vessels. Of the two orders, Abu Dhabi National Oil Company has pledged one order to buy a 3,800t heavy-lift pipelaying vessel with the Chinese company for CNY750m ($110m). The derrick

Zhenhua Heavy Industries has secured two orders worth CNY1.15bn ($168m) to build pipe-laying vessels.

Of the two orders, Abu Dhabi National Oil Company has pledged one order to buy a 3,800t heavy-lift pipelaying vessel with the Chinese company for CNY750m ($110m).

The derrick lay vessel combines double joint S-lay capabilities with a 4,200sT lifting capacity.

The vessel is expected to be delivered by 2012.

Zhenhua Heavy Industries has also secured an order for a pipe-laying vessel worth CNY400m ($58m) from CCCC Tianjin Dredging.