United Faith’s Contract for Two SS-MPV Becomes Effective (China)

UNITED FAITH GROUP announced that on December 06th, 2011, the New-building contract of two 50,000 DWT Semi-Submersible Multi-purpose Vessels went into effect. Both of the vessels are scheduled to be delivered by the end of 2013.

The contract was signed earlier this year on July 01st between UNITED FAITH GROUP and YANTAI CIMC RAFFLES OFFSHORE LTD.

In addition to these two SS-MPP vessels, UNITED FAITH GROUP is now at final stage of negotiation with another shipyard in China for another two same size vessels. The contract will be concluded very soon.

The conceptual design of the SS-MPP Vessels was initiated by UNITED FAITH GROUP who researched and developed upon the concept, and entrusted Shanghai Ship Research and Design Institute (SDARI) for the basic design.

The subject open-stern SS-MPP Vessels are equipped with UNITED FAITH GROUP’s latest patented design of Hybrid Power Propulsion System. In this Hybrid System, the integration of Low Speed Diesel Engine Propulsion and Electric Power Propulsion has conquered the deficiency in specific working conditions caused by single propulsion system, as well as efficiently solving the conflict between the Power Capacity requirement and the management/ running cost, and reducing fuel consumption significantly.

UNITED FAITH style of SS-MPP Vessels has also adopted multi-patented designs, which enables to solve the general-existing problems of current Semi-Submersible vessels in similar class and to be more dependable, practical and economical. Thus it will be more suitable for long-distance ocean transportation and long-duration off-shore especially ultra-deep sea work.

UNITED FAITH GROUP affirms that their UNITED FAITH style of SS-MPP Vessels will not only change the market of Semi-Submersible Vessels, but also lead an evolution in the sphere of Offshore Engineering.

[mappress]

Offshore WIND staff, December 13, 2011; Image: uni-faith