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    Sekwang wins contract to build seismic ship

    Yard News // November 7, 2008

    Sekwang Heavy Industries in South Korea has secured an order for a seismic research vessel, with an option for one more, at a price of US$120 million per ship, from China’s BGP.

    BGP is a subsidiary of China’s largest oil group, China National Petroleum.

    LR-Fairplay's Daily Newbuilding News said Sekwang’s backlog is 42 ships, valued about Us$2 billion, which should keep the builder busy until the end of 2011.

    The ships on order at the yard range from AHTS vessels to ethylene and liquefied petroleum gas carriers.

     

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