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Order for New Deep Water Vessel Heerema Marine Contractors (HMC) announced the signing of a letter of intent with Daewoo Shipbuilding and Marine Engineering Co., Ltd., Korea (DSME), for the building of a new Deep Water Construction Vessel, for approximate- ly $600 to $700m. HMC selected to build a monohull vessel with the capa- bility to execute complex deep water infrastructure and pipeline projects in ultra deep water, and also with suffi- cient lifting capacity to execute instal- lation of fixed platforms in relatively shallow water. A key attribute of the vessel will be its fast transit speed. HMC believes this will complement its existing fleet providing a unique fleet composition, which will allow HMC to continue to offer unrivalled services to the offshore oil and gas industry on a world-wide basis. DSME won the design, engineering, procurement, construction, installa- tion, commissioning and testing of the vessel. Huisman will be responsible for the cranes, tower and reels. The vessel is scheduled for completion of all tests & trials by mid-2013. “With this new Deep Water Construction Vessel, HMC will rein- force its unique position in the deep water pipelay market. We are confi- dent that with DSME and Huisman we found reliable partners who can build a key asset that will assist us in expanding further into more ultradeep and complex SURF projects globally,” said Jan Pieter Klaver, CEO, HMC.