PUM builds DSV

Singapore based shipbuilder Pan-United Marine Limited has clinched a $49.5 million contract from Coastline Maritime Pte to construct a specialized offshore diving support vessel at its Batam shipyard in Indonesia. The value of the vessel, expected to be delivered in 3Q08, is estimated at above $130 million, including the cost of owner-furnished equipment. It is the yard’s fourth contract from the Singapore shipping company with the last vessel, the 140 metre ?Azteca, delivered in 2003.

The vessel, designed to support diving operations to 180 metres, will be equipped with a 1,600-tonne revolving pedestal crane and two 100-tonne revolving cranes for heavy lifting and pipe-laying projects in offshore support projects for the oil and gas sector.

PUM?s executive director Ng Sing Chan said: “As exploration and production venture into ever deeper waters, size does matter – this will be one of the biggest construction vessels with DP3 capabilities to be built in this part of the world. This contract shows that PUM is well-positioned to capture a good slice of the high-end specialized vessel shipbuilding segment.”