Topaz Energy and Marine has signed what it described as a “substantial agreement” with a large north European contractor that will see its newbuild subsea vessel Topaz Tangaroa working on renewable energy projects – primarily in support of offshore windfarms in the North Sea.
The shipowner said the charter contract will take effect from February 2019 for a firm duration of seven months, with options to extend until late 2020.
Topaz Tangaroa, which was ordered in 2015 as part of an ongoing fleet renewal and reinvestment strategy by Topaz, is a 1,000-m² diesel-electric light subsea construction vessel with accommodation for 82 people and comfort class 3. The vessel is equipped with an active heave-compensated 120-tonne subsea crane and was built to a high standard. The vessel was also designed to be very fuel efficient. Topaz Tangaroa and sister vessel, Topaz Tiamat, were both designed and built by Vard Norway.
The charter adds to Topaz’s revenue backlog, which as of 30 September 2018 stood at US$1.4Bn.
Topaz Energy and Marine chief executive Rene Kofod-Olsen said, “Having recently signed Topaz Tangaroa’s sister vessel Topaz Tiamat on a long-term contract to Reach Subsea of Norway, it is particularly rewarding that both vessels are leaving the yard to go straight onto significant contracts with strong counterparties. The contracts reflect the trends we are seeing with both general subsea operators and offshore wind project owners becoming increasingly selective and demanding innovative, safer and more efficient vessels.
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