By Dominic Chopping

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Wednesday it has ordered a new heavy construction vessel which will be delivered in 2016.

 
   MAIN FACTS:

-The new vessel will be deployed globally to meet increasing market demands for executing ever-larger and more complex projects.

-Hyundai Heavy Industries Co Ltd (009540.SE) will build the new vessel.

-The main crane and the vertical lay system will be provided by Huisman.

-Shares closed Tuesday at NOK127.80, valuing the company at NOK44.96 billion.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

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