SeaHold GEOSHIPS Adds Two New Offshore Vessels

Wednesday, November 09, 2011
Kenny Macleod, chairman, Seahold GEOSHIPS 1.

SeaHold GEOSHIPS expanded its fleet of multi-purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, while also signifying a $140m in additional financial commitment. The new vessels, which are both of Vik & Sandvik VS470 design will be delivered in Quarter 1 2012 and Quarter 4 2012 respectively and are actively being promoted to the Oil and Gas market for long-term work.  Specified as multi-purpose support vessels, they are capable of IRM, WROV support and general subsea duties and can be fitted with Survey, ROV and Diving equipment. These vessels are suitable for work in a variety of areas, including the North Sea, Mediterranean, West Africa and Asia Pacific.  This investment reinforces the firm’s continued commitment to provide a growing fleet of quality new vessels to the oil and gas and renewables sectors.
Kenny Macleod, chairman of SeaHold GEOSHIPS, said: “We are delighted to be investing in our own fleet of vessels and this commitment underpins our ambitious growth plans for the next few years.  Our growing fleet enables u to focus more attention on the emerging offshore renewable energy market, as well as improving our ability to support our offshore Oil and Gas customers. The first VS470, Loch Erisort, which is of clean and comfort class has an overall length of 74 metres, and is certified to accommodate up to 65 people in one and two man cabins.  The second vessel which is certified to carry 60 POB, is slightly longer at 76m overall. Formed in 2003, SeaHold GEOSHIPS has a forecasted turnover of £17million for the 2012 financial year, with turnover projected to increase to around £120million by 2015 on the back of an eight vessel fleet. With a team of 13, the company is looking to recruit at least 5 new employees in the next 6 months.  To meet staffing requirements on-board the expanding fleet, GEOSHIPS expects to have around 300 personnel, including marine crew, in the next 3 years. Earlier this year GEOSHIPS entered into an 18-month charter for its first vessel, a new multi-purpose offshore vessel called Stril Explorer, and also awarded exclusive service agreements to NCS Survey and Hallin Marine for the provision of Survey and ROV services respectively from this vessel.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Workboats

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

Miami Tugboat Oil Spill: Coast Guard Respond

The US Coast Guard says that its crewmembers are responding to a fuel spill in the vicinity of Government Cut in Miami, following a leak discovered aboard the 95-foot tugboat 'Neptune'.

Shipbuilding: Vigor Industrial Grows Stronger

Vigor Industrial has ballooned from a modest shipyard in Portland, Oregon, to the largest shipbuilder in the Pacific Northwest and Alaska. Vigor increasingly thinks big and builds big.

Vessels

Vice-Principal of South Korean School in ferry disaster commits suicide

The vice-principal of a South Korean high school who accompanied hundreds of pupils on a ferry that capsized has committed suicide, police said on Friday, as hopes

Bodies found trapped in S Korean ferry

Divers searching for survivors of a capsized South Korean ferry saw three bodies floating through a window of a passenger cabin on Saturday but were unable to retrieve them,

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2074 sec (5 req/sec)