Sembcorp Marine (SCM) has entered an engineering and construction contract worth about $1 billion with Heerema Offshore Services B.V. (HOS) to build a new DP3 semisubmersible crane vessel (NSCV), a news release said.

This follows an earlier exclusive letter of intent signed between SCM’s wholly-owned subsidiary Jurong Shipyard Pte. Ltd. and HOS in March for the NSCV.

Scheduled for delivery in fourth-quarter 2018, the NSCV is designed for the installation and decommissioning of major offshore facilities worldwide, the release said. It will be equipped with two Huisman heavy-lifting offshore cranes of 10,000 MT lifting capacity each and a large reinforced work deck area. With the vessel length of 220 m, width of 102 m and displacement of 273,700 MT, Sembcorp Marine said the NSCV will be the largest dual-fuel semisubmersible crane vessel in the world.

The NSCV will be built at the Sembcorp Marine Tuas Boulevard Yard.