Saipem and Subsea 7 Ink $45 Billion Mega Merger
Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in offshore energy services.
Ulstein announced today that Singapore-based OSV operator, Pacific Radiance Group, has ordered the building of two platform supply vessels of their PX121 design at an undisclosed Chinese yard. The vessels are estimated for deliveries in Q2 and Q3 2015 and the contract includes options for two more vessels.
The Pacific Radiance Group is currently managing over 120 vessels worldwide including Latin America, Australia, Russia, Indonesia, and Africa.
The contract with ULSTEIN comprises basic design, engineering, and an extensive package of equipment.
The first PX121-design vessels have been operating in the harsh waters of the North Sea since 2012, and Ulstein notes that feedback from the shipowners has been positive. Operators are reporting that the vessels have higher regularity than comparable vessels due to their capabilities both in terms of station keeping and transit speed in foul weather.
Vessel Particulars:
Length: 83.4 m
Breadth: 18 m
Load capacity: 4,000 t
Cargo deck: 840 sqm
Speed: 14.5 kn
Accommodation: 30 persons
Clean Design (DNV)
Satisfying IMO’s SPS Code (Special Purpose Ships) for carrying up to 60 specialised personnel
OILREC class notation for oil recovery in emergency situations
Comfort class
Image: Ulstein
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