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Malaysian OSV owner Keyfield International is expanding into the new offshore services market with the acquisition of a cable-laying barge from Taizhou Sanfu Ship Engineering.
The Kuala Lumpur-based accommodation workboats specialist is paying $22.55m for the 98-m-long vessel named Keyfield Blessing.
The acquisition will be fully funded using Keyfield’s internal funds and closed by the second quarter of 2025, the company said.
The vessel, with a cable load capacity of 7000T, is designed to install subsea power cables linking offshore wind farms to main grids, but it can also be retrofitted to lay telecommunication fibre optic cables.
Keyfield, which currently counts 13 ships in its fleet, has already agreed for the new unit to go on a one-year bareboat charter with a one-year extension option with China’s Dejing Group in a deal worth $9.1m. Dejing will mobilise the vessel for the Farasan submarine cable project in Saudi Arabia.
The post Keyfield enters cablelayer market appeared first on Energy News Beat.
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