ZPMC and OTL Form Joint Venture for Transportation and Installation Projects

ZPMC Offshore Services Group, a subsidiary of Shanghai Zhenhua Heavy Industries (ZPMC) and OffshoreTech LLC (OTL) announce they have formed a strategic Joint Venture ZPMC-OTL Marine Contractor Ltd. (ZOMC) to pursue top-tier offshore T&I projectsand decommissioning projects.

The global alliance will provide the oil and gas market with access to unique niche vessels and best in class engineering for execution of a broad range of complex offshore projects.Leveraging the complementary capabilities and experience of both companies, the alliance will open up further opportunities by combining ZPMC’s fleet of 23 transportation vessels, 5 shear leg cranes (1,600 - 5,000 MT), 18 tugs, 22 barges, 3 jack-up barges and ultimately the ZhenHua 30, the largest single floating crane in the world with a lifting capacity of 12,000MT, with OTL’s expertise in offshore transportation and installation engineering design and proficiency.

“The Zhen Hua 30 with the supporting fleet of assets combined with specialist engineering knowledge will allow ZOMC to execute projects 100 percent in-house, and we provide the complete service by combining transportation with installation,” said Ryan Rush, Vice President Sales and Marketing for ZOMC. “This significantly reduces interface risk and ultimately reduces project costs which is critical in today’s market.”