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.

Newsletter

Delivered directly to your inbox World Crane Week features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters