Jaya Secures Long Term Charter for Vessel Under Construction

Maritime Activity Reports, Inc.

August 16, 2013

Offshore energy services provider Jaya Holdings Ltd. announced the long term charter of its first high-specification Multi-Purpose Maintenance and Accommodation Vessel (MPMAV) Jaya Privilege.

This vessel is one in a range of sophisticated service vessels that Jaya is designing and building for its target markets, the company said. Jaya Privilege is expected to be delivered in June 2015 and construction is now underway.

Jaya Privilege has more than 800 square meters of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 239 people on board, including workout equipment and an internet café and an electrohydraulic lattice boom crane with a lifting capacity of 50MT with man riding capability. These features make the vessel versatile capable of delivering a wide range of specialized services to the client.

Jaya Privilege will commence her charter on delivery and is expected to operate in Mexico for a period of up to three years. She will be the first vessel of her kind in that market and the third from Jaya in Latin America. Earlier in 2013, Jaya delivered a smaller MPMAV named Jaya Pride into a term contract in South East Asia.

Jaya also delivered its first high-specification, Deepwater Platform Supply Vessel (PSV), Jaya Valour, in July which went on charter immediately after delivery.

Jaya has an additional two large anchor handlers being delivered from its Singapore yard in the next 12 months, and three specialized subsea and accommodation workboats being delivered from its Batam yard.

The Group owns and operates more than 25 offshore vessels working across Southeast Asia, the Middle East and West Africa on charter to oil and offshore services companies.


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