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June 17, 2010

Zhenhua to Build Two Pipe-Laying Vessels

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

By cms admin

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.

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