Kreuz Subsea Orders New Vessel in China

Kreuz Subsea Orders New Vessel in China

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

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Offshore Energy Today Staff, February 6, 2013