Grandweld Secures Contract to Build Four 42M Aluminum Crew Boats for COTEMAR-Mexico

by Hans | June 23rd, 2013

Dubai, United Arab Emirates, June 23, 2013: Dubai based Grandweld Shipyards, has secured a contract worth over US $21 million from the Mexico-based COTEMAR, to design and build four 42M Fast Aluminum Crew Boats. The contract was signed on June 4, 2013.

The world-class reputable design 42M crew boat will be fitted with EPA Tier 3 compliant main engines, and advanced navigation equipment to meet the client’s specific needs. The vessels are designed to reach speeds in excess of 26 knots.  They benefit from luxury seating, accommodation for VIP guests, a larger deck space and enhanced comfort for the crew.

The vessels can seat 100 offshore personnel, and has a 100sqm loading area for over 90 tons of deck cargo. They can also carry a large amount of fuel and freshwater.

The vessels will be built at Grandweld’s yard in Dubai Maritime City, and will operate in the Gulf of Mexico. The vessels will comply with US Environmental Protection Agency requirements and US Coast Guards regulations. The first vessel will be delivered in May 2014, with the fourth and final vessel to be delivered in August 2014.

Grandweld’s new customer COTEMAR, S.A. de C.V. is a leading provider for services related to the development of the offshore oil and gas industry in the Gulf of Mexico.

Grandweld’s 42M class of vessels has been a huge success for its unrivalled design, and build quality, with over 30 vessels delivered or currently under construction for clients worldwide.

Grandweld a fully integrated shipyard providing shipbuilding, ship repair and engineering solutions to the marine industry, is part of Stanford Marine Group (SMG). SMG is 51% owned by a Fund managed by Abraaj Capital and 49% by Abu Dhabi-listed Waha Capital. For further information please visit: www.StanfordMarineGroup.com

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