Reach Subsea
Reach Subsea News
Reach Subsea Extends Charter for IMR Vessel Havila Subsea
Norwegian subsea services firm Reach Subsea has entered the agreement with vessel owner Havila Shipping to extend the charter for inspection, maintenance and repair (IMR) vessel Havila Subsea.The contract extension is for a firm period of three years, until the end of 2027, with tow one year options.“In a rising market, maintaining strong operational control over core assets is crucial. We are witnessing ongoing positive market trends…
Reach Subsea Extends Olympic Taurus Charter and Orders Two ROVs
Norwegian company Reach Subsea has extended the charter for the Olympic Taurus subsea vessel and ordered two new Constructor-type remotely operated vehicles (ROVs) from Kystdesign.Back in February, Reach Subsea announced a 100-day project charter for the subsea vessel Olympic Taurus, with extension options for 2+1+1 years.The company has now extended the charter for an additional two years and retain…
Eidesvik-Agalas JV to Build New IMR Vessel on Charter with Reach Subsea
Eidesvik Offshore, together with Norwegian shipowner Agalas, has entered into an agreement to build a new construction support vessel (CSV), which is on charter with Reach Subsea.The newbuild will be equipped to perform inspection, maintenance and repair (IMR) work for subsea and offshore wind markets.Equipped with methanol engines and a battery hybrid system, the vessel will be owned by an entity to be named Eidesvik Agalas AS…
Reach Subsea Partners with Agalas for New IMR/Survey Vessel
Reach Subsea, a Norwegian subsea services company, has signed a long-term charter contract with Agalas for a modern IMR/Survey vessel to be built in Turkey.According to Reach Subsea, to be hired on three or five-year charter, will has a low emission, smart lifting arrangement and a state of the art equipment package that can be adapted to several market segments, with delivery early 2026.Reach Subsea…
Reach Subsea Nets North Sea Decom Gig
Oslo-listed subsea services provider Reach Subsea said Wednesday it had won a decommissioning contract in the North Sea. The contract is with an undisclosed client…
Reach Subsea to Add Two ROV Support Vessels to Its Fleet
Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured "significant vessel capacity for the coming four years" through a deal to buy the multipurpose ROV support vessel Edda Sun for $29 million and through a charter contract for the multipurpose ROV support vessel Go Electra with a duration…
Reach Subsea Takes Volstad's Deep Cygnus Vessel on a 4-year Charter
Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The…
Reach Subsea Set to Complete Acquisition of iSurvey
Norway-based subsea services company Reach Subsea is set to close the acquisition of the offshore survey company iSurvey, first announced in mid-February.As previously reported, Reach Subsea said on February 17 it had agreed to buy the offshore survey services firm iSurvey in a transaction valued NOK 135 million. Separately, it was announced that Wilhelmsen had acquired a 21% stake in Reach Subsea.The…
Wilhelmsen Acquires Stake in Reach Subsea
Wilhelmsen has acquired a 21% stake in Reach Subsea ASA, and together the firms will form a strategic partnership to commercialize the Reach Remote concept, bringing Reach Subsea into new industry verticals and geographical regions.Jan Eyvin Wang, Executive Vice President, New Energy at Wilhelmsen says, “We have been actively assessing the subsea market to find a company that could add complementary scale to our ambition within renewables.
Two-year Charter for Havila Subsea Vessel with Reach Subsea
Subsea services firm Reach Subsea has awarded a contract extension for Havila Shipping's Havila Subsea IMR, survey, and construction vessel.The contract is for a…
Reach Charters Topaz Tiamat
Norwegian based Reach Subsea said it has entered an agreement with Dubai headquartered Topaz Energy and Marine to charter newbuild light subsea construction vessel Topaz Tiamat for 2.5 years, plus three one-year options.The Norwegian-built vessel will be deployed under a cooperation agreement between Reach and Sweden's MMT. The team has been awarded several frame agreements for survey; inspection, maintenance and repair…
MMT Inks 10 New Contracts over 2 Months
Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea, come from a wide portfolio of old and new clients, including Siccar Point Energy, Equinor, Perenco, SSE…
