Toisa Signs OCV Newbuild Order with Hyundai Heavy

South Korean shipbuilder Hyundai Heavy Industries and Toisa Limited announced an order today to build a multipurpose offshore construction vessel (MOCV).

With a 900 ton and a 200 ton offshore crane, the vessel will be engineered to perform ultra deepwater installation and construction activities including subsea pipeline and cable laying, and topside construction support work for FPSO and drilling rigs.

The MOCV, measuring 150 m in length, 32 m in width, and 13 m in depth, with a service speed of 15 knots, also features a dynamic positioning system, five 3,350 kW thrusters, and two 2,500 kW thrusters for improved stability while operating.

Toisa Limited is a Bermuda registered LLC solely owned by Greek shipping magnate Gregory Callimanopulos.

Sealion Shipping Ltd, the fleet manager and operator for Toisa Limited, currently operates four existing Construction vessels within its fleet of twenty five offshore support vessels. In addition, Toisa has a further five offshore support vessels presently under construction, that will join the Sealion fleet during 2013 and 2014. Further newbuilding projects remain under consideration.

Delivery is planned for the 2nd half of 2015 and the contract includes an option exercisable by the owner for an additional same class MOCV.

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