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Monday, May 11, 2020 

The first two of a four-ship order for platform supply vessels (PSVs) to the Ulstein PX121 design built at SWS, China for Sinocean, have been delivered, and will operate on a long-term charter for China Oilfield Services Ltd (COSL).

Two more vessels of the same design at SWS (Shanghai Waigaoqiao Shipbuilding), have completed sea trials and will be delivered to COSL shortly, according to schedule. The first two have been named Guo Hai Min Xing and Guo Hai Min Sheng.

The Ulstein PX121 is a flexible PSV design featuring the X-Bow hull line design for smoother motions in head seas. In total, 30 vessels of this design have so far been contracted. A PSV of this design is said to offer a competitive combination of fuel-efficiency and cargo capacities/deadweight. This translates to a performance level that is usually expected from larger PSVs, but at a medium-sized PSV cost - delivering value-for-money for the owner and operator.

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