Southern Star Gets Charter Contract Extension

The newbuild subsea operations vessel ‘Southern Star’ has started a six year bareboat charter, an increase of a year on the original deal, with options for extensions.

The Southern Star was designed by Tasik Subsea and built by Fujian Mawei Shipbuilding in Fuzhou, China.

Tasik managing director John Giddens said: “The market is difficult with economic challenges at every tier, no one needs telling that. But, by working to ensure the operator has an outstanding and reliable vessel that can be operated competitively and flexibly, both parties saw the economic sense in extending the charter period from five to six years in exchange for adjusted rates during some of the firm charter period.”

The 112 meter DP3 ship features two moon pools and has a 300 meter rated, 15 man saturation diving system, with two self-propelled hyperbaric lifeboats.

The ship is also equipped with a 150 tonne, active heave compensated crane.

Share this article

Follow Subsea World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

BLACK SEA OIL AND GAS

Black Sea region continues to impose as a key area for the future of energy in Europe in reaching the diversification of supply and the energy…

read more >

SUBSEA POWER CABLES

2-day seminar covering best practice and emerging technologies for cost-efficient subsea cable projects from conception to installation…

read more >

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

OTC Brasil 2017

OTC Brasil is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >