Hilong Marine Acquires Pipelayer from Zhenhua ZHPL3

Hilong Marine Engineering (Hong Kong) Limited, a wholly owned subsidiary of the Hilong Holding Limited, will acquire an underwater pipe-lay barge from Zhenhua ZHPL3 Limited.

Zhenhua ZHPL3 Limited is a subsidiary of Shanghai Zhenhua Heavy Industry Co., Ltd. The aforesaid vessel is a pipe-lay barge with pipe-lay capacity of 8-300 meters underwater, and is able to lay pipes with a diameter of 6-60 inches (including the coating layer).

The vessel has maximum hoisting capacity of 3,000 tonnes at 30 meters at stationary hoisting position and 2,000 tonnes at 35 meters at full circle swinging position.

The main technical parameters of the vessel, including full-load displacement, maximum operating water depth and maximum lifting capacity, are among the leading in the PRC and are also competitive in Asian market.

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Press Release, December 31, 2013