Jaya Wins $60 million in Long-term Charters

MarineLink.com
Thursday, June 06, 2013

Offshore energy services provider Jaya Holdings Ltd. announced that the Group has signed contracts for three of its four newbuild platform supply vessels (PSVs) ahead of their delivery dates from the shipyard. The total value of these three contracts is more than $60 million, including optional extension periods.

Jaya’s first high specification PSV Jaya Valour will deliver at the end of July and has been fixed into a time charter contract for up to three years in South East Asia with an existing customer undertaking fracturing work.

Jaya Valour has more than 1,000 square meters of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 60 people on board including workout equipment and an internet café.

The vessel has the capacity to carry up to 4,800 tons of cargo deadweight and her cargo capacities will be utilized in the carriage and pumping of brine and specialized fracturing proppants to stimulate production from offshore oil and gas wells.

Jaya Victory and Jaya Valiant are medium sized PSVs with 3,500 tons of cargo deadweight and 78m of length. Both vessels are equipped with DP-2 capability and Fire Fighting class. They will deliver in the first half of 2014 to a new client and are expected to operate primarily in Latin America. The charters are for up to three years.

CEO of Jaya Holdings, Venkatraman Sheshashayee said, “The PSV market is strengthening both in Asia and the rest of the world. Both the surge in deep water drilling and the need to stimulate production from older shallow water fields are increasing demand for high specification platform supply vessels. Our newbuilding designs maximize the flexibility our vessels offer to customers, with high cargo capacities for drilling fluids and bulk, big clear decks, and good quality accommodation for charterer personnel. This means they can provide both general platform and rig support, as well as more specialized services such as ROV and coil tubing work scopes.”

He added, “The charters for Jaya Victory and Valiant also mark our foray into the booming Latin American market and are very much in line with our market growth and geographical diversification strategies.”

The fourth vessel in Jaya’s PSV program, Jaya Vigilant, is an identical sister to Jaya Valour but with a 50 ton active heave compensated deep water crane built for service in more than 3,000 meters of water.

Mr. Sheshashayee added, "Jaya Vigilant will deliver from the yard at the end of August and will be ready for service with the brand new crane installed in September. There’s currently a backlog of underwater inspection and repair work in the region, and the vessel is perfect for ROV support. In addition, the ship is well suited to fracturing work like her sister, or for deep water drilling support contracts with DP rigs.”

Jaya has an additional two large anchor handlers delivering from its Singapore yard in the next 12 months, and three specialized subsea and accommodation workboats delivering from its Batam yard.

The Group owns and operates more than 25 offshore vessels working across South East Asia, the Middle East and West Africa on charter to both oil companies and offshore services companies.

 

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

People & Company News

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

Contracts

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

Shipbuilding

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

ClassNK Issues New Rules for Inland Waterway Ships

Leading classification society ClassNK has released new technical rules and guidance for the survey and construction of inland waterway ships. As a result

Steel Cut for Third RCI Quantum-class Cruise Ship

The steel cutting for 'Ovation of the Seas', scheduled to be delivered in the autumn of 2016, took place at the Meyer Werft shipyard in Papenburg, Germany, where 'Quantum of the Seas',

Vessels

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest

Long Beach Public Invited to Celebrate QM's 80th

The iconic trans-Atlantic liner Queen Mary turns 80 on September 26 and the public is invited to join a ship-wide celebration. The Queen Mary will open her gangways and ballrooms,

Offshore Energy

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.1912 sec (5 req/sec)