Saipem 7000
With its state-of-the-art J-lay tower upgraded dynamic positioning capability and fast ballasting system the Saipem 7000 semisubmersible crane vessel has the capacity to handle the entire workscope of offshore construction developments worldwide encompassing pipelaying in water depths greater than 2000 metres and heavy lift operations up to 14000 tonnes. The company stunned investors in January when it downgraded earnings by a billion euros due to a significant deterioration of margins on some.
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Saipem will launch a 2 billion euro 22 billion capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black.
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