DOF Subsea Charters ROSS Candies for Ongoing Operations in GoM

DOF Subsea has entered into an agreement with Otto Candies for the charter of the Jones Act compliant vessel ROSS Candies for a firm period of one year.

The charter period started mid-March 2014, with the intent to utilize the vessel to support operations for existing North American clients in the Gulf of Mexico.

Upon the completion of the ROV and Survey spread mobilization, the Ross Candies is committed to undertake some light construction and IMR projects for different clients, as a replacement vessel for the Harvey Deep-Sea which is now committed for the next 5 months.

In addition, DOF Subsea Survey and Positioning has been awarded a Master Service Agreement extension of 2 years with Seaway Heavy Lifting for the provision of positioning services onboard its Stanislav Yudin and Oleg Strashnov crane vessels.

CEO, Mons S. Aase stated: “I am very pleased with the addition of the ROSS Candies to the Groups’ fleet, which further strengthens DOF Subsea’s market position in the Gulf of Mexico. Further, DOF Subsea’s survey and positioning division continues to grow, with work being secured internationally. This MSA has highlighted our capabilities in offshore construction support in the oil and gas and renewables sectors.”

The estimated combined value of the contracts entered into in North America and S&P, including options, is about $16.5 million.