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Cosco shipyard receives hybrid PSV orders

18 Jan 2018

The Guangdong-based shipyard of Cosco Shipping Heavy Industry has received an order for eight hybrid platform supply vessels (PSVs) from a newly formed joint venture between Seacor Marine Holdings and Cosco Shipping Group.

The new company, called Seacosco, will receive seven of the PSVs in 2018 and one in 2019. 

Separately, Seacosco has contracted with Rolls-Royce Marine to outfit six of the PSVs with a battery energy storage system designed to reduce fuel consumption and enhance the safety and redundancy of the vessels’ systems.  

The total cost for the eight PSVs, including the battery system, is approximately $161.1 million.

“We are excited to partner with Cosco Shipping Group,” said John Geller, CEO of Seacor.

“The acquired vessels will modernise our operating fleet and expand our offerings to our customers.

“Combining a proven and advanced design, best in category accommodations, and the innovative Rolls-Royce battery system, these vessels will be highly marketable across all major offshore energy regions worldwide.”

Seacor Marine will be responsible for full commercial, operational, and technical management of the vessels on a worldwide basis under a separate management agreement with Seacosco.

Published: 19 January, 2018

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