QMS Inks New Contracts at ME Marine Expo

October 3, 2013

Quality Marine Services (QMS), a subsidiary of Abu Dhabi based Zakher Marine International (ZMI) yesterday celebrated the signing of deals worth $350 million on the final day of Middle East Workboats & Offshore Marine, which took place from 30 September to 2nd October at the Abu Dhabi National Exhibition Centre, Abu Dhabi.

The deals include the construction of four platform supply vessels (PSV) and two accommodation jack-ups at Chinese yards. Contracts for a further two jack-up accommodation units are expected to be signed within 24 hours with an Abu Dhabi-based shipyard – worth more than US$150 million.

The contracts are speculative builds with designs tailored for specific markets in the Middle East, Far East and Africa, and are due for delivery in 2015.

The orders add to QMS’ existing orderbook of six DP2 OSVs under construction at various yards, including the Sea Conquest, a 4,000hp DP2, FiFi1 OSV due for delivery next week.

The announcements conclude a record number of deals signed during the event, which saw a gathering of owners, operators, industry professionals and suppliers across three days of high-level debates, networking opportunities and business discussions.

QMS, October 3, 2013