ZPMC signs deal for new crane and pipe lay vessel
By Laura Hatton08 January 2014
Shanghai Zhenhua Heavy Industries (ZPMC), based in Shanghai, and Hilong Marine Engineering, based in Hong Kong, have signed a contract for a 3,000-tonne crane pipe lay vessel.
The contract is worth approximately US$163.6 million, a spokesperson said.
Chinese crane maker ZPMC is due to deliver the crane in 2014. Both companies are subsidiaries of China Communications Construction Company Ltd.