Uptick in interest in completing stalled OSV newbuilds

PG Flow Solutions has previously delivered similar packages to four sister vessels at the same yard which are now in operation for the Seatankers Group. (Image courtesy Wärtsilä Ship Design Norway)

China’s Fujian Mawei Shipbuilding Ltd has placed orders with Norwegian liquid handling and pump specialist PG Flow Solutions to supply large liquid-cargo systems and associated equipment for two MPSVs the shipyard  is constructing for an undisclosed shipowner.

Are Hjertvik, VP International Sales at  PG Flow Solutions, says the company is currently seeing significant interest in completion of stalled OSV newbuild-tonnage, and has already secured significant deliveries for such projects – in particular in Asia. “We expect this development to continue and would not be surprised to see some, selected newbuilds being contracted as availability of modern tonnage starts to be limited.”

PG Flow Solutions will supply a comprehensive hydraulically driven cargo system with pumps, mud agitators, hydraulic power pack and control system to each of the two vessels. PG Flow Solutions has previously delivered similar packages to four sister vessels at the same yard which are now in operation for the Seatankers Group.

China’s Fujian Mawei Shipbuilding Ltd has placed orders with PG Flow Solutions to supply large liquid-cargo systems and associated equipment for two MPSVs the Chinese shipbuilder is constructing for an undisclosed shipowner.

PG Flow Solutions will deliver the equipment for the first vessel by December 2019, and the second by February 2020. All equipment will be fabricated, assembled and tested at the company’s facility in Sande, Vestfold, Norway. The contract value has not been disclosed.

The equipment will be utilized onboard two large, modern MPSVs (Multipurpose platform supply vessels) that Fujian Mawei Shipbuilding is currently constructing. The two vessels are of advanced Wärtsilä’s WSD 1000 MPSV design, with a vessel length of 88.80 me, deadweight of 5,200 tonnes and a sizeable 1,005 cubic metre deck area.

The vessels are designed for year-round supply to offshore platforms, with stores, materials and equipment needed for drilling, production construction, plus supply to lay-barges/vessels and other offshore units, with stores, materials and equipment needed for their operation.

“We have previously delivered the same type of cargo handling system and equipment to a large number of OSVs at Fujian Mawei, and to this design specifically back in 2014/2015, which is actually the last time we saw contracting of newbuilds for this type of large MPSVs. The vessels are modern, highly flexible and cost-efficient, and our cargo handling system is designed to meet the same criteria,” says Hjertvik, VP International Sales at PG Flow Solutions.