India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
The semi-submersible vessel, which cost Heerema about $1.5 billion, is equipped with two cranes that can reach a height of 220 metres, taller than the top of Singapore’s iconic boat-shaped Marina Bay Sands hotel. The cranes have a combined lifting capacity of 20,000 tonnes, another industry record.
The Sleipnir, named after Norse God Odin’s eight-legged stallion, was built by Sembcorp Marine at its Singapore yard.
“We handle many semi-submersibles, but we never handled such a big size before,” said Sembcorp Marine’s CEO, Wong Weng Sun.
The vessel has accommodation for 400 people and includes helicopter pad and a swimming pool. It is fuelled by both liquefied natural gas and marine gasoil.
After years of declining orders due to low oil prices and an oversupply of rigs and supply vessels, Singapore’s offshore and marine industry is hoping that demand will return as oil majors ramp up spending on exploration and production. (Reporting by Aradhana Aravindan and Roslan Khasawneh; editing by Uttaresh.V)
(c) Copyright Thomson Reuters 2019.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,835 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 109,835 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up