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

Shipbuilding

RS Class New Ships for the Caspian Sea

Russian Maritime Register of Shipping (RS) has signed a contract with Baku Shipyard LLC for the construction of three 38М high speed crewboats (designer - SHIPTECH,

North Sea Atlantic Joins the Technip fleet

On Saturday July 26, 2014, a ceremony was held in Bergen to officially name the latest new subsea construction vessel to join the Technip fleet, the North Sea Atlantic.

New Australian Navy Submarines to be Japan Built?

Australia should discuss building its next-generation fleet of submarines overseas, the Department of Defence said on Monday, a shift that could open the door to

Offshore

Offshore Installation at Lerwick

A large steel oil storage tank to be installed west of Shetland as part of Premier’s development of the Solan field has arrived in Lerwick onboard a heavy-transport vessel Xiang Yun Kou,

Wagenbourg New Crane for Oil, Gas, Energy Sector

Wagenborg Nedlift has expanded her crane fleet with a brand new 700 tonnes mobile crane. With this crane the fleet is significantly strengthened. Equipped with

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

Vessels

RS Class New Ships for the Caspian Sea

Russian Maritime Register of Shipping (RS) has signed a contract with Baku Shipyard LLC for the construction of three 38М high speed crewboats (designer - SHIPTECH,

North Sea Atlantic Joins the Technip fleet

On Saturday July 26, 2014, a ceremony was held in Bergen to officially name the latest new subsea construction vessel to join the Technip fleet, the North Sea Atlantic.

Master Marine Delivers Z Drive Towboat

Master Marine, Inc. delivered its first 2,000 hp Z Drive inland river towboat last month. The towboat represents the first vessel (Entech Design) of this series by the yard.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1537 sec (7 req/sec)