STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF Subsea.

The vessel will be of OSCV 12 design, developed by STX OSV in Ålesund, Norway. It will have a total length of approximately 161 meters and a beam of 32 meters. Delivery is scheduled from STX OSV Søviknes in 1Q 2015. The hull will be delivered from STX OSV Tulcea in Romania.

The DOF Subsea Group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services. DOF Subsea owns a large fleet of modern subsea construction, intervention and survey vessels. The Group’s core business is project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the Oil and Gas, Marine Telecommunications and Renewables markets.

Press Release, February 15, 2013