Singapore’s Kreuz Subsea Marine Pte Ltd, has entered into a conditional shipbuilding agreement dated 5 February 2013 with a China-based shipyard.
Under the agreement, the shipyard will construct and sell a multipurpose subsea dive support and construction vessel to Kreuz for a consideration of USD 113,63 million.
Kreuz Subsea, a subsidiary of Swiber Holdings limited, is an integrated subsea service provider to the offshore oil and gas industry, established in 2008.
Related:
Singapore: Kreuz Buys Diving Support Vessel
[mappress] Offshore Energy Today Staff, February 6, 2013