GEOSHIPS to Operate, Manage New DP1 Craft

press release
Friday, July 27, 2012

GEOSHIPS creates 40 new jobs with delivery of latest vessel.

 

GEOSHIPS Group, a marine and subsea services provider, has completed charter party negotiations with Singapore based Teras Offshore, for a new Offshore Deck Cargo Vessel, resulting in the planned recruitment of a further 40 offshore staff. Formed in 2003, Westhill-based GEOSHIPS will operate, manage and crew the DP1 (dynamic positioning) Loch Seaforth vessel, which has been contracted on a three year bareboat charter, with options to extend.

 

The Loch Seaforth is expected to be the first of its kind in the North Sea, due to the size and capability of the vessel. The vessel is 158 metres in length, 36 metres wide and has a deck area of a staggering 4,750 square metres - or around the size of 24 tennis courts. The new offshore jobs will be onboard operating and maintaining the vessel and with a heavy deck load capability of 20T/m2 and point loads of up to 300T/m2, it is expected to be busy as a transportation and project cargo solution. The vessel boasts a diesel-electric azimuth propulsion system to increase fuel efficiency and manoeuvrability, and has two bow tunnel thrusters providing speeds of approximately 12.5knots.

 

It is expected that the vessel will be used extensively for transport and project cargo solutions for both the offshore oil and gas and offshore renewable energy sectors, shipping equipment such as, jackets, mono-piles and subsea templates. The vessel is also suited to the carriage of containers and has a capacity of 864 TEU (Twenty Foot Equivalent Unit.)

 

GEOSHIPS’ in-house vessel crewing and management department, (previously known as Brooklyn Shipping Limited), will operate and manage the vessel, giving a higher level of control over each project. This department will continue to crew and manage all future vessels GEOSHIPS adds to its fleet. In the past year, GEOSHIPS staff numbers have increased from 10 staff onshore to 18 currently, and offshore staff numbers have risen to 80. To meet staffing requirements on-board the expanding fleet, GEOSHIPS expects to have around 300 personnel, including marine crew, in the next three-four years.

 

Kenny Macleod, chairman, GEOSHIPS, said: “Taking delivery of this highly specified Offshore Deck Cargo Vessel allows GEOSHIPS to broaden its service offering even further. Loch Seaforth is a new concept to the North Sea as it replaces expensive and lengthy operations, which would previously have been carried out by barge and tug boat combinations. “We are continuing to explore opportunities to expand the vessel fleet further, which in turn will mean a further increase in staff numbers. Our plan now is to develop our fleet to seven vessels, under our direct control, within the next three-four years and negotiations are advancing with vessel owners and ship yards to fulfil these plans.”

 

Taking charter of this vessel follows on from GEOSHIPS securing the DP2 Offshore Support Vessel, Loch Roag, which is currently operating in the North Sea. The multi purpose support vessel, was taken on a five year fixed bareboat charter basis from Singapore based Otto Marine Ltd with an option to extend the contract for two more years. Loch Roag has already secured two contracts with new clients for GEOSHIPS within the North Sea. In Q1 2013 GEOSHIPS will expand its fleet further, with a new multi purpose offshore vessel of a Vik & Sandvik VS470 design. It is certified to carry 60 people and has an overall length of 76m.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NORDEN Publishes CSR Report

Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report 2014. Entitled, “On track”, the CSR report presents an overview of NORDEN’s CSR strategy,

LISCR Appoints New Managing Director for Hong Kong

The Liberian Registry has appointed shipping executive Gerry Buchanan as managing director of its dedicated Hong Kong office, the registry announced today.      As

Wheelabrator Opens Ontario Location

Surface preparation company Wheelabrator Group (Canada) Ltd. celebrated its grand opening with a ribbon cutting ceremony and luncheon after moving to a new location and office complex in Burlington,

Contracts

ECO Orders Rolls-Royce Equipment for New AHTS

Rolls-Royce has been awarded a contract worth $30.6m with the American owner Edison Chouest Offshore (ECO). The contract for ship equipment comprises Azimuth main propulsion,

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

Offshore

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

‘Blue Queen’ on First Mission

The platform supply vessel 'Blue Queen', an ULSTEIN PX121 design, was named at Ulstein Verft on Friday 27 February. The ship will be working in the spot market.

Fiji Maritime Academy Bullish on Prospects

The Fiji Maritime Academy (FMA) is on the right track to become one of the finest maritime training institutions in the region. It has also achieved an important

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.5098 sec (2 req/sec)