US offshore operator places three PSV orders in Poland

02 Sep 2011

GulfMark Offshore, a US-based provider of marine transport services to the energy sector, has announced the initiation of a vessel construction programme, with three ships ordered from Remontowa in Poland.

The Gdansk yard is to build three PSVs, two to the MMC887CD design with 1000m2 deck area, and one MMC879CD design with deck area about 800m2. They have been designed for use in challenging deep water environments and are expected to operate in the North Sea market. The first MMC887CD vessel is expected to be delivered in the second quarter of 2013. The second MMC887CD vessel and the MMC879CD vessel are expected to be delivered in the third quarter of 2013. The total value of the contract is reported to be $120 million. Orders for additional vessels are anticipated to be placed in the next few months.

Bruce Streeter, president and CEO, commented, "We are excited about the initiation of our new construction program. Global market and economic conditions over the past three years gave us enough concerns to hold back on building new vessels. However, recent oil and gas finds in the North Sea, a drilling focus on frontier areas and the announcement of more than 60 new offshore drilling rigs in 2011 gives us the confidence to initiate the building of vessels designed for this developing market. Forward contract visibility and increasing opportunities in areas demanding large sophisticated vessels indicate a strong potential for these additions to our fleet."

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