Singapore: Hallin Marine has now signed the definitive contract for the 80-meter (262-foot) dynamically positioned subsea operations vessel the Coniston.
The order for the vessel has been placed with shipbuilders Bina Marine Pte Ltd and it will be delivered in the fourth quarter of 2010. The total cost of the finished vessel will be US$51.4 million.The Coniston will be able to operate in deep water, carry and deploy the Company's Remote Operated Vehicles (ROVs) and house up to 120 personnel. Buying the Coniston fits in with Hallin's three-prong vessel strategy of operating a mix of owned vessels, long-term charter vessels, and short-term charter vessels. The Coniston is the third subsea operations vessel on order from Hallin. The Ullswater will be delivered at the year-end and Windermere will be delivered in the first quarter of 2010.Construction of the Coniston will take place at Bina Marine's shipyard in Batam, Indonesia, close to where Hallin's first vessel, the Ullswater, was recently launched. Hallin Marine CEO John Giddens said that the Coniston will be another outstanding subsea operations vessel to add to our growing fleet.
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