EOC has entered into a memorandum of agreement to acquire a newbuild accommodation and support vessel, for a purchase price of US$32.5 million. The vessel is designed to meet the classification requirements of the American Bureau of Shipping (ABS) and with modifications can accommodate up to 70 men. The vessel was built in Fujian Mawei Shipbuilding Ltd., a shipyard based in Fujian, China.

In the past few months, the Group has announced contract wins for long-term charters, worth close to US$170 million including options, for two of its accommodation barges – the Lewek Conqueror and the Lewek Chancellor. The addition of the newbuild accommodation and support vessel is in line with the Group’s strategy to continue to grow its accommodation fleet and to focus on the growing offshore accommodation and support services market, especially in the Asia Pacific region.