Algihaz Holding to Acquire Seven Champion for $95.34 Million

Seven Champion (Image by Subsea 7)

Algihaz Holding, based in Saudi Arabia, has won the January auction for the Seven Champion, previously known as the Lewek Champion. The S-lay pipelaying vessel, built in 2007 by Singapore’s Labroy Shipbuilding & Engineering, will be acquired for $95.34 million, the highest bid among several participants in the auction.

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