Dutch OOS International and Chinese offshore services company Jiangsu Fanzhou Shipping entered into a memorandum of understanding, agreeing to form a strategic alliance to expand the coverage of their vessels globally.
The agreement was signed on November 21, 2017, by Jiang Juejie, General Manager of Fanzhou, and Léon Overdulve, CEO of OOS International, at a ceremony in Nanjing, China.
OOS International operates a fleet of heavy lift accommodation semi-submersibles, while Fanzhou offers a fleet of transport semi-submersibles, barges and marine vessels.
Together, both companies intend to grow their international businesses, OOS International explained in a statement on Friday. This collaboration enables Fanzhou to increase its exposures in Europe, Americas and Mexico through OOS International’s presence and OOS International will be able to extend its presence in Asia through Fanzhou.
“We are extremely proud to partner with Fanzhou, known for their innovative portfolio of assets and experience, to bring valuable resources to the offshore field worldwide. This partnership will provide an attractive win-win business proposition for both companies as it leverages on the strengths of each company,” says Léon Overdulve.
The cooperation agreement involves the exclusivity of two vessels for OOS International, a 50,000mt semi-submersible heavy lift vessel and 20,000mt self-propelled barge (deck carrier), both currently under construction and to be delivered in 2018.