Sembcorp Marine To Build $1 Billion Worlds Biggest Crane Vessel.

Published at 09:32AM - 15/07/15

Singapore based Sembcorp Marine, has signed contracts with offshore heavy lift specialists Heerema to build a new heavy lift crane vessel which will be the biggest of it kind in the world.

The contract covers both engineering and construction of the vessel, and is worth in the region of US$1 billion (S$1.36 billion / GB£638 million). All fabrication and construction work will take place at Sembcorp Marine’s ship yard in Singapore.

The vessel, that is yet to be named, is currently reffered to as the NSCV.

Information released so far puts the NSCV at 220m in length and to have two cranes, with a lift capacity of 10,000 tonnes each.

Dutch based Heerema have commissioned the vessel to better compete in the large deepwater construction and installation markets, as well as the increasingly lucrative and growing offshore decommissioning market.

Rival offshore heavy lift company Allseas has recently launched its own specialist decommissioning vessel, the Pioneering Spirit, that already has a busy order book, and due to decommission the legendary UK Brent field.

With many of the worlds ageing offshore oil and gas infrastructure coming to its end of life, the offshore decommissioning industry is set to continue growing, and with it the vessels of the three main players, Heerema, Allseas and Saipem.