Bigger is definitely better, at least for Belle Chasse, La.-based Versabar Inc. Last year, the company took the design of its successful Bottom Feeder and doubled it in size. The result is a floating lifting vessel that is almost as tall as a football field is long and just as wide. The rig can raise up to 7,500 tons in a single lift. Versabar Versabars revamped Bottom Feeder, twice the size of its predecessor, can hoist 7,500 tons from the seabed in a single lift. The VB10000 has made 12 lifts already and is booked through mid-October. “There's always a
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.