Seabulk International's wholly- owned subsidiary, Seabulk Offshore
do Brasil, Ltda., has finalized an agreement with shipbuilder Promar Brazil (Estaleiro Promara I) to build a UT-755L platform supply vessel (PSV) for delivery in the fall of 2004, with an option for a second sister ship.
To be named Seabulk Brasil, the 5,460-hp, 236-ft. (71.9-m) newbuild has a purchase price of $16.7 million, and upon delivery, will enter the Brazilian offshore market
, where the Company currently has one 200-ft. PSV operating.
The Company has also agreed to purchase a Brazilian-flag line-handling vessel for approximately $2.5 million. The purchase of the vessel, to be named the Seabulk Ipanema, is expected to close in July 2003.
Similar in design to Seabulk Offshore's new PSV flagship
, Seabulk Africa, which joined the West Africa fleet earlier this year, Seabulk Brasil will be equipped with Fire Fighting Class 1 and Dynamic Positioning System Class 1 certification and high-tech communications and navigation equipment
, including GMDSS up to A3 regions. The UT 755L model is capable of loaded speeds up to 12.5 knots with a larger cargo-carrying capacity than the 10-knot capability of smaller supply vessels.
Rolls Royce Marine
is providing the UT 755L design and a substantial amount of equipment for the vessel. The cargo deck will offer 685 sq. m. of storage, and large holding tanks will be able to accommodate ballast/drill water, fresh water, dry bulk, fuel oil and base oil. Ten tanks will accommodate shipments of liquid mud (including four for mud/brine).