Kenny Macleod News

GEOSHIPS Group has announced two contract wins worth a combined value of £3 million for the company’s latest vessel. Following an open day on-board the Loch Roag for potential clients, the vessel secured work in the North Sea with two new customers for GEOSHIPS. The forecasted revenue for the DP2 (dynamically positioned) multi purpose support vessel for the next 12 months is valued at nearly £10 million. The Westhill-based company, which was formed in 2003, took delivery of the Loch Roag in April on a contract valued at over £30 million. It resulted in the employment of 40 new offshore staff.

GEOSHIPS creates 40 new jobs with delivery of latest vessel. GEOSHIPS Group, a marine and subsea services provider, has completed charter party negotiations with Singapore based Teras Offshore, for a new Offshore Deck Cargo Vessel, resulting in the planned recruitment of a further 40 offshore staff. Formed in 2003, Westhill-based GEOSHIPS will operate, manage and crew the DP1 (dynamic positioning) Loch Seaforth vessel, which has been contracted on a three year bareboat charter, with options to extend.

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…

SeaHold GEOSHIPS expanded its fleet of multi-purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, while also signifying a $140m in additional financial commitment. The new vessels, which are both of Vik & Sandvik VS470 design will be delivered in Quarter 1 2012 and Quarter 4 2012 respectively and are actively being promoted to the Oil and Gas market for long-term work. Specified as multi-purpose support vessels…

Aberdeen-based SeaHold GeoShips Limited (GeoShips) has chartered its first new multi-purpose offshore vessel to support the growing offshore renewable energy market and the subsea sector. To enable GeoShips to offer a full suite of services from the Stril Explorer, and future vessels, the company has entered into agreements with both Hallin Marine UK Ltd, a leading ROV services provider, and NCS Survey a leading survey and positioning contractor. The contract is worth in the region…