Zakher Marine Inks $350M in Offshore Vessels Contracts

Quality Marine Services (QMS), a subsidiary of Abu Dhabi-based Zakher Marine International (ZMI) on Wednesday signed deals worth AED1.28 billion (US$350 million) on the final day of Middle East Workboats & Offshore Marine, which took place from 30 September to 2nd October at the Abu Dhabi National Exhibition Centre, Abu Dhabi.

The deals include the construction of four platform supply vessels (PSV) and two accommodation jack-ups at Chinese yards. Contracts for a further two jack-up accommodation units are expected to be signed today hours with an Abu Dhabi-based shipyard are worth more than US$150 million.

The contracts are speculative builds with designs tailored for specific markets in the Middle East, Far East and Africa, and are due for delivery in 2015.

The orders add to QMS’ existing order book of six DP2 OSVs under construction at various yards, including the Sea Conquest, a 4,000hp DP2, FiFi1 OSV due for delivery next week.

[mappress]

October 03, 2013