The Drawing Board: Innovative OSV Design from the Ground up
The offshore market continues to be a significant driver for marine innovation, as vessels and their operators are critical factors to ensure that offshore operations – increasingly conducted in deeper, more hostile waters further from shore – are conducted in a safe and efficient manner. Here Maritime Reporter examines some notable recent designs, developments and deliveries. Eastern Shipbuilding Group, which has been extremely busy of late in the offshore sector, delivered M/V HOS Red Rock (Hull 202) to Hornbeck Offshore Services, LLC.
Jaya Reports 2013 Earnings
Offshore energy services provider, Jaya Holdings Limited has reported consolidated revenue of $29.6 million and net profit of $7.6 million for the financial quarter ended September 30, 2013. The group’s revenue for the quarter under review was $29.6 million. Excluding the vessel sale, the quarter’s revenue was 12% higher than the previous corresponding quarter. This was due to improved charter utilisation of 91% compared to 84% in the previous corresponding quarter, on the same fleet size of 28 vessels. The group’s net profit for 1Q FY2013 was $7.6 million. Excluding nonrecurring items and gain from a vessel sale, this quarter’s net profit was 15% higher than that of the previous corresponding quarter.
New Jaya Multi-Purpose Platform Supply Vessel Delivered
Leading offshore energy services provider, Jaya Holdings Limited confirmed the on-time delivery of its second new Multi-Purpose Platform Supply Vessel (MPSV), Jaya Vigilant. She sailed from Jaya’s shipyard in Batam yesterday and was immediately on hire by its charterer for a term program in East Africa. The vessel will load a Remotely Operated Vessel (ROV) spread and mobilize across the Indian Ocean to load further subsea equipment for the client in Durban in October. “[Jaya Vigilant] has a 50 ton subsea crane with active heave compensation for service in water depths of up to 3…
Jaya Wins $20 Million Contract in East Africa
Jaya Holdings announced it has signed a contract to charter its newbuild DP2 Platform Supply Vessel (PSV) Jaya Vigilant for a long term operation in the Indian Ocean, offshore Mozambique. The two-year contract, which includes charterer’s options, has a value of more than $20 million. Jaya Vigilant, designed as a large PSV, is now being upgraded with additional equipment required for the charter’s work scope prior to delivery from Jaya’s own yard in Batam, Indonesia at the end of September 2013.
Jaya Wins $60 million in Long-term Charters
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.
