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.

 

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

Shipbuilding

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Offshore

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

When Will Deep Sea Mining Commence? The Robot is Ready

The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea

Vessels

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

Divers struggle in search for ferry survivors

Rescuers struggled with strong waves and murky waters on Thursday as they searched for hundreds of people, most of them teenagers from the same school, still missing

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Ship Repair 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: 0.1694 sec (6 req/sec)