Norwegian maritime IT company Tero Marine has won a contract with RK Offshore Management Ltd. to install its TM Master software on 26 offshore vessels.
The leasing contract covers 26 RK Offshore supply ships, with the possibility of extending this to an additional 15 vessels. The five-year agreement enables RK Offshore to lease software from Tero Marine for a contractually fixed annual sum. Implementation of the Tero Marine software on RK Offshore ships is already in progress, and expected to be completed by the end of September.
“We aim to ensure the process is as error free as possible. For the system to deliver optimum performance from the word go, we make sure everyone using the software is properly trained first,” said Satish Kanakasabai, Technical Manager at the Tero Marine office in Singapore.
The lease agreement is a new concept now offered by Tero Marine. To Rupesh Tiwari of RK Offshore, the advantage of this is fixed and more predictable operating costs. “This gives us greater flexibility, as it means we do not have to make a heavy investment in advance,” he explained.