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Marine Log

February 14, 2007

Yantai-Raffles inks $300 million LOI

Yantai Raffles Shipyard Limited reports that it has signed a Letter of Intent with Consafe Invest AB, a wholly owned subsidiary of JCE Group AB, to build two semi-submersible heavy lifters worth a total of US $300 million.

The two 30,000 metric tonnes displacement semi-submersible service and crane vessels are to be built according to the Norwegian Continental Shelf regulations and will be specially outfitted for maintenance work and lift operations in offshore fields worldwide.

Each vessel has a 90 m x 60 m metres free deck space and will be outfitted with two 1,100 metric tonnes revolving cranes over the port side.

The accommodations block for 350 persons, mounted cantilever over the starboard side, will be able to provide more free deck space.

The first vessel, SSCB Safe Lifter, will be delivered 18 months from the effective date of the contract. It will be outfitted with a conventional 10 point mooring system and prepared for a Dynamic Positioning (DP) system. The second unit, SSCB Safe Carrier, will be delivered within 28 months and will be fully outfitted with the DP system.

"We have developed this project together with Yantai Raffles for quite some time now, and YRS’ delivery schedule is fast tracking them to be the most advanced offshore yard in the world. Their gantry crane with lifting capacity of 20,000 metric tonnes, ready this summer, will boost the production capacity at their shipyard enormously.” says Hampus Ericsson, CEO of Consafe Invest.