SBM Offshore and Solstad unveil Chinese yard for newbuild project

AI Summary

SBM Offshore and Solstad Offshore have partnered to commission CIMC Raffles shipyard in China to construct a new multi-purpose deepwater installation and construction vessel. The companies formed a joint venture and signed a letter of intent for the project as of early June.

SBM Offshore and Solstad Offshore have chosen CIMC Raffles to construct a newbuild multi-purpose deepwater installation and construction vessel. The two companies said at the start of June that they formed a joint venture and entered into a letter of intent with a shipyard to build the vessel. At the time, the shipbuilder was left …