The company has taken delivery in Singapore of the dynamically positioned pipeline trenching vessel Trenchsetter, formerly owned by Allseas.
Chief executive Kaj Lindvig said that at least $40 million will now be spent lengthening the vessel by 30 metres, widenening it by 10 metres, and fitting it with four jack-up support legs and a 1200-tonne capacity crane, as well as general refurbishment.
