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    Heerema Marine Contractors to build new Arctic-capable crane vessel

    Vessel & ROV News // November 30, 2006

    Heerema Marine Contractors (HMC) has announced that it intends to build a new deepwater construction vessel.

    HMC said "Market developments and needs from customers, as well as our very strong market position are the drivers behind the decision to build a new generation, deepwater construction vessel."

    The estimated investment for the new vessel is US$1 billion.

    “Heerema Marine Contractors is known for its strong and successful position as offshore construction contractor. A new generation, deepwater construction vessel is needed to meet
    the demands of the national and international oil companies," said HMC in a statement.

    "Market developments and needs from customers, as well as our current market position are strong drivers behind the decision to proceed with the design of a new vessel,” explained John Reed, the Chief Executive Officer.

    The design of the vessel will begin immediately and will be fast tracked. A tender to select the yard to build the vessel, which will likely be in Korea or China, will take place in the near future.

    HMC said the new vessel will be exceptional in various aspects: speed, hull shape, pipe lay features in deepwater and shallow water, crane possibilities and capabilities required to work in the Arctic.

    The size of the vessel will be approximately 220m x 88m. The lift capacity of the cranes has to be determined, but will be comparable with those of Thialf.

    The dual crane capacity of Thialf, the largest crane vessel in the world and part of HMC’s fleet, is 14,200 tons. The new crane vessel will be complementary to the existing fleet and offer more possibilities for customers.

    The US$1 billion investment will be financed from internally generated funds, augmented by traditional bank financing and private equity.

     

     

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