Latest GEOSHIPS Vessel Secures Multimillion Pounds Worth of Contracts
GEOSHIPS Group has announced two contract wins worth a combined value of £3 million for the company’s latest vessel. Following an open day on-board the Loch Roag for potential clients, the vessel secured work in the North Sea with two new customers for GEOSHIPS. The forecasted revenue for the DP2 (dynamically positioned) multi purpose support vessel for the next 12 months is valued at nearly £10 million. The Westhill-based company, which was formed in 2003, took delivery of the Loch Roag in April on a contract valued at over £30 million. It resulted in the employment of 40 new offshore staff.
GEOSHIPS to Operate, Manage New DP1 Craft
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.
GEOSHIPS Extends Fleet Following Successful Year for First Vessel
SeaHold GEOSHIPS Ltd., a marine and subsea services shipping company, has taken delivery of its second multi-purpose support vessel (MPSV) on a contract valued at over £30million, following a successful year for its current vessel, the Stril Explorer. Formed in 2003, Aberdeen-based GEOSHIPS will manage and crew the MPSV Loch Roag vessel, which it has taken on a five-year bareboat charter basis from Otto Marine Ltd. The contract is valued at £22million ($36.5 million) over five years with an option to extend the contract for two more years…
