UAE firm spending $350m in China on offshore vessels

 

Abu Dhabi: Quality Marine Services (QMS), a subsidiary of Abu Dhabi-based Zakher Marine International (ZMI) yesterday signed deals worth $350m at unspecified yards in China for four platform supply vessels (PSVs) and two accommodation jack-ups.
 
Contracts for a further two jack-up accommodation units are expected to be signed today with an Abu Dhabi-based shipyard – worth more than $150m.
 
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 orderbook of six DP2 OSVs under construction at various yards, including the Sea Conquest, a 4,000hp DP2, FiFi1 OSV due for delivery next week.  [03/10/13]
 

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