Subsea 7 to Buy Heavy Construction Vessel

By Finance

Subsea 7 S.A. has made an agreement with Korea's Hyundai Heavy Industries (HHI) for building a new vessel. The project is for designing heavy construction ships and it is planned to end in 2016. Subsea 7 has fleet of more than 40 vessels.
The increasing world market in the industry the maritime companies must implement more big and complex projects.
Subsea 7 Executive Vice President Commercial Steve Wisely explained: “This is another investment in our world class fleet so that we can continue to meet our clients’ demands for executing larger, more complex projects in deep and ultra-deepwater and in harsher environments.”