{"id":4624,"date":"2025-09-30T16:40:41","date_gmt":"2025-09-30T16:40:41","guid":{"rendered":"https:\/\/marineplatforms.com\/stage\/?post_type=media-releases&p=4624"},"modified":"2026-10-13T08:43:04","modified_gmt":"2026-10-13T08:43:04","slug":"marine-platforms-acquires-majority-stake-in-huan-qiu-1200-pipelay-vessel","status":"publish","type":"media-releases","link":"https:\/\/marineplatforms.com\/stage\/media-releases\/marine-platforms-acquires-majority-stake-in-huan-qiu-1200-pipelay-vessel\/","title":{"rendered":"Marine Platforms Acquires Majority Stake in Huan Qiu 1200 Pipelay Vessel and construction vessel"},"content":{"rendered":"

Marine Platforms is pleased to announce the strategic acquisition of a 51% stake in the pipelay and construction vessel formerly known as the Global 1200, to be renamed the African Huan Qiu 1200. The remaining 49% ownership is retained by DS Global of Tianjin, China, with the full transfer expected to be finalized later this year.
\nThis joint ownership agreement represents a major step in Marine Platforms\u2019 global expansion strategy, enabling the company to deploy the vessel for EPIC and SURF projects worldwide. Under the collaboration, Marine Platforms will focus on projects across the Western Hemisphere, DS Global in the Far East, and both partners will jointly execute projects in the Middle East.<\/p>\n

The African Huan Qiu 1200 is a DP2 pipelay and heavy-lift construction vessel built in 2010, with a solid track record on international subsea assignments. It is equipped with a 1,200Te crane, 800Te abandonment and recovery system, S-Lay pipelay capabilities, and accommodation for 264 personnel.<\/p>\n

This acquisition was brokered by Clarksons, with legal advisory provided by HFW.
\nMarine Platforms and DS Global are confident that this partnership will enhance their collective ability to deliver efficient, cost-effective subsea solutions across key global markets.<\/p>\n

Photo (from right to left):
\nMr Johnny Fawthrop, Mr Aaron Clarke, Mr Taofik Adegbite, Mr Zhou Wenjun, Mr Zhou Jiachao, Mr Chris Sun, Mr Jack Qiu.<\/p>\n

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