Hallin contracts new SOV

Hallin Marine, the Singapore-based provider of subsea solutions to the oil and gas industry, has signed a contract for the construction of an 80 metre DP2 subsea operations vessel. The vessel, to be named the ???Windermere???, is scheduled for delivery in the second quarter of 2010 from the Singapore yard of Drydocks World Singapore Pte Ltd, formerly Pan-United.

The newbuilding will be fitted with an integral saturation diving system, a 50 tonne active heave compensated subsea crane and high efficiency diesel electric propulsion. It will be able to operate in deep water, carry and deploy the company’s Remote Operated Vehicles and accommodate up to 120 personnel. In addition, Hallin will supply both the saturation diving system and the crane for the installation in the newbuilding and the total cost of the finished vessel to the company is calculated at $49.6 million.

Drydocks World Singapore is currently building the ???Ullswater???, the first vessel Hallin ordered. Hallin subsequently sold the ???Ullswater??? at a significant profit and chartered the vessel back for 10 years.

John Giddens, the CEO of Hallin Marine, said: ???The Windermere will be an outstanding Subsea Operations Vessel that will help deliver Hallin???s strategy of continued, planned growth. The Windermere builds on the successful concept and design of the SOV Ullswater but with major improvements. The diesel electric propulsion system is more fuel efficient, the improved stern thrusters deliver better dynamic positioning performance and the more capable crane gives us deep water capability.??