Shanghai Bestway Marine Engineering Design has announced that its subsidiary yard Dajin Heavy Industry has secured a newbuild order from Shanghai Jiupu Marine Technology for the construction of a jackup rig.
The rig will be used for operations at offshore wind farms after delivery by the end of March 2021. Total value of the contract is around RMB107.8m ($15.2m).
Shanghai Bestway expects the contract to have a positive impact on the company’s financial situation as the company is currently in a debt restructuring process.
Shanghai Bestway was hit by a financial crisis last year and a local court approved a creditor’s request to restructure the company in February this year.