Hilong subsidiary acquires pipelay vesselVessel & ROV News // January 2, 2014
Hilong Holding Limited, a PRC-based integrated oilfield equipment and services provider, has announced that Hilong Marine Engineering (Hong Kong) Limited, a wholly owned subsidiary of the group, is to acquire a pipelay barge from Zhenhua ZHPL3 Limited at a purchase price of US$163.6 million.
Zhenhua ZHPL3 Limited is a subsidiary of Shanghai Zhenhua Heavy Industry Co Ltd. The vessel is able to lay pipes with a diameter of 6–60in (including the coating layer).
The vessel has a maximum hoisting capacity of 3,000 tonnes at 30m at stationary hoisting position and 2,000 tonnes at 35m at full circle swinging position.