Finland’s Cargotec Orders Offshore Cranes From China’s Shanghai Heavy Industry

Posted: January 1, 2015 in Econ 101, Free Trade, Technology and Energy

SOURCE: http://www.rigzone.com/news/oil_gas/a/136567/MacGregor_Lands_Large_Subsea_Crane_Order_from_Chinas_ZMPC

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MacGregor Lands Large Subsea Crane Order from China’s ZMPC

MacGregor, part of Finland’s Cargotec, reported Tuesday that the firm has received a large order from Shanghai Zhenhua Heavy Industry Co Ltd. (ZPMC). The contract is for four offshore cranes, including a 400-ton SWL active heave-compensated crane capable of deploying 9,842 feet (3,000 meters) of wire rope.

All four cranes will be fitted to a new 475 foot (145 meter) dive support vessel (DSV) under construction at the yard for UK-based operator Sealion Shipping. Delivery of the cranes to the Chinese shipyard is scheduled during third quarter of 2016.

Sealion is an offshore support company that manages and operates offshore support vessels for Toisa. The DP3 vessel is equipped for worldwide operations in the oil and gas sector and on ultra-deepwater projects. Delivery is planned for early 2017.

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