Subsea World News has put together a recap of the most interesting articles from the previous week (June 13 – June 19).
Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently a 50:50 joint venture company owned by Ezra and Chiyoda.
Through the acquisition of shares from Ezra and Chiyoda, NYK will own 25% of ECS, with Ezra and Chiyoda retaining 40% and 35% shareholding, respectively, upon completion of the transaction.
The indoor test tank is one of the largest in the North-east of Scotland and is dedicated to testing subsea tooling and survey sensors as well as work-class remotely operated vehicles (ROVs).
For this scope of work the company said it will utilize its offshore construction vessel Boa Sub C, along with the 400 t AHC main crane supported by the 30 t AHC crane, both OI Millennium WROV’s and the 2500 t carousel.
Survey vessel ‘John Lethbridge’, contracted by the Egyptian government to join the search, has identified the locations and provided the investigation committee with first images of the wreckage.
The vessel is approximately 106 meters long with breath of 22 meters. According to IHC, the new design should reduce costs for inter-array cable-laying operations by 20 to 30%.