GEOSHIPS Extends Fleet Following Successful Year for First Vessel

Press Release
Thursday, April 12, 2012

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 ($36.5 million) over five years with an option to extend the contract for two more years, bringing the potential value of the contract to nearly£33 million ($ 52.4 million).  

As part of the bare boat charter for Loch Roag, GEOSHIPS has the option to buy the vessel at various stages during the agreement. It is a Norwegian-design, Marin Teknikk (MT) 6009L MKII Vessel, built by Otto Marine Ltd. in the Indonesian Shipyard Batamec and is suitable for work in a variety of areas, including the North Sea, Mediterranean, West Africa and Asia Pacific.

The vessel can accommodate 66 people in one- and two-man berths. It measures 80 meters, has a deck space of approximately 510 square meters and the dead weight is 3000 tons.

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 also crew all future vessels GEOSHIPS adds to its fleet.

The vessel should arrive into the North Sea toward the end of this month (April), which is the region where several jobs have been tendered for it. It is likely the vessel will be used extensively for inspection, repair and maintenance activities using a work class ROV and eyeball ROV, depending on the work scope.

“This has been a busy year for the company so far, and we are delighted at the extent and scope of work our first vessel has accomplished,” said Kenny Macleod, chairman, SeaHold GEOSHIPS.

In the first quarter of 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 76 m.

 


Shipbuilding

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

ACE Winches Bags Order from Vard

Deck machinery specialist ACE Winches said it has been awarded a spooling contract with Vard Group AS for Norway’s largest construction vessel.   The scope of work includes the spooling of two 3,

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Vessels

Delaware River Ship Arrivals Continue Gains in 2016

Maritime Exchange for the Delaware River and Bay President Dennis Rochford has announced the tristate port vessel arrival statistics for the first six months of 2016.

Fednav Welcomes Innovative Ballast System at Indiana Port

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0896 sec (11 req/sec)