DOT Radiance Puts Off Newbuild Charter

DOT Radiance, a joint venture between DOT Shipping and Pacific Radiance, has agreed with the charterer to delay delivery of the newbuild offshore construction support vessel to December 31, 2017.

The joint venture secured a long-term charter contract worth over $140 million, including extension options, for the vessel which was expected for delivery and start of its contract at the end of 2016.

Singapore-listed Pacific Radiance said it has agreed with DOT Shipping to work towards finding alternative employment for the vessel, who recently completed its sea trials, should one be available before December 31, 2017.

DOT Shipping was set up in 2014 by Oceanteam and Grupo Diavaz to provide vessel solutions for the Mexican market.

DOT Shipping has a 50 percent stake in the joint venture vessel, named “Tampamachoco 1” with an option to buy the remaining 50 percent after a period of seven years against agreed terms.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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