Indian Charters for CSV Southern Ocean

The construction support vessel (CSV) Southern Ocean, owned by a joint venture between Bourbon Offshore Norway and Oceanteam, has bagged two charters from an undisclosed client on offshore projects located off the East Coast of India.

The scope of the contract is a partial continuation of the scope that was initiated in 2018.

Works on the first short term contract have commenced this month whereas the second, longer term contract is expected to commence in December 2019 and works are expected to be completed in the first quarter of 2020 with optional extension to take the contract well into 2020.

Mathieu Feisthauer, Fleet and Chartering Manager of Oceanteam, said: “Securing this new contract for the CSV Southern Ocean after successfully finalizing last year’s project in Indian waters, shows that the market has faith in our assets and in us as an offshore service provider. This is now the second and third charter in this region. A region that is rapidly developing and will provide more opportunities in the future. We hope to remain a part of that.”
 
With the CSV Southern Ocean now under charter as well, the entire Oceanteam fleet is fully utilized with firm charters into the first quarter of 2020.

Over 2019, the fleet utilization is expected to exceed 85%. This reflects the appreciation of the Oceanteam vessels and tasks they are expected to execute.
 
The CSV Southern Ocean is a DP2 Construction Support vessel (dynamic positioning class 2), that is characterized by her large cranes (1 x 250 and 1 x 100 tonnes fully heave compensated), 2400 m2 deck space, extensive accommodation and excellent seafaring capabilities. These characteristics enable Southern Ocean to be utilized for field support, construction, installation and IRM.