Yantai Raffles wins newbuild pipelay vessel contract

Yantai Raffles Shipyard Limited (“YRS” or the “Group”) announces today that it has received a contract from Saipem (43% owned by Eni), for the design and construction of an Iced Strengthened Pipe Lay Vessel of DP3 class. The 290 m long vessel, with a molded breadth of 39 m, will be built under the American Bureau of Shipping classification.