Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has set out plans to acquire a newly-built DP2 cable-laying barge for $20…
Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has set out plans to acquire a newly-built DP2 cable-laying barge for $20.5 million, marking its expansion into cable laying market.
The 98-meter-long barge, to be renamed to Keyfield Blessing, will be acquired from Taizhou Sanfu Ship Engineering in China.
The acquisition will be undertaken by Keyfield Ventures (Labuan) Limited, a newly-incorporated 100% subsidiary of Keyfield.
The purchase will be fully funded by Keyfield group from its internal funds without any borrowings.
Keyfield Blessing is a specialised barge designed to install underwater cables, especially for power cables connecting offshore wind farms to the main grids and could also be retrofitted for laying telecommunication data fibre optic cables.
The vessel’s DP2 system, with its cable load capacity of 7000T and cable laying plow reaching 5m depth, is able to self-propel while undertaking cable-laying jobs at a speed of 600 meter/hour.
Concurrently, Keyfield group has also signed an agreement with Dejing Group in to charter out Keyfield Blessing on a bareboat charter basis for a firm period of one year, plus optional extension of one additional year, at Keyfield’s option, which is valued at $9.1 million including such extension option.
During the entire bareboat
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