China-based shipbuilder JES International clinched a deal to construct up to four offshore accommodation vessels valued at approximately $147m each.
The Singapore-listed shipbuilder signed the letter of intent with the buyer from a Singapore-based offshore company. The eventual deal is likely to be one firm order plus three options.
Jiangsu Eastern Heavy Industries, a wholly-owned subsidiary of JES, will build the offshore accommodation vessels.
The offshore units, a DP3 type, are equipped with offshore construction capabilities and are expected to be capable of accommodating 400 to 500 crew and staff.