30m Z-Tech 7000 ASD Tug delivery
Given the strength in global demand for tugs and offshore commercial vessels, Cheoy Lee had embarked on several speculative build projects over the past 18 months. Two 58 metre Anchor Handling Tugs (with differing configurations and drive systems), two Z-Tech 7000 tugs, and one 31m ASD tug. Prior to completion, both 58m vessels, and one Z-Tech 7000 were sold, with contracts pending on the remaining two stock vessels. The Z-Tech 7000 tug was delivered on April 25, and the first 58m vessel is due for handover on May 10th. The ability to offer new commercial vessels with short lead times has proven to be an effective strategy. The Z-Tech 7000 owner, Hadi H. Al-Hammam Est., is a long standing customer of Cheoy Lee. The Hadi H. Al-Hammam group is a leading general contracting, trading and marine service provider to the oil and gas, and petrochemical industry in the Middle East, headquartered in Saudi Arabia.