Middle East Economic Survey

VOL. LIII

No 26

28-Jun-2010

UAE

NPCC Launches Fleet Expansion Program

Abu Dhabis National Petroleum Construction Company (NPCC) has placed an order with Chinas Shanghai Zenhua Heavy Industries (ZPMC) for the construction of a self-propelled heavy-lift pipelaying vessel, it said on 20 June. The vessel, which is set to be delivered by the third quarter of 2012, is part of the companys new $400mn marine fleet expansion program, which will see NPCC invest in new vessels as...