Heerema Marine Contractors (HMC) has signed an agreement with Daewoo Shipbuilding and Marine Engineering to build a deep-water construction ship.

The Korean shipyard will build a monohull vessel equipped to execute complex infrastructure and pipeline projects.

The 210m ship could cost up to $700m.

The vessel will be designed with sufficient lifting capacity to install fixed platforms in relatively shallow water, HMC said.

The ship will be fitted with a pipelay tower with a tension capacity of 2,000t and a revolving lift capacity of 4,000t which can lower equipment to a depth of 3,500m.

The vessel will be commissioned by 2013.

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