Oceanteam has been awarded two charter projects off the east coast of India
Construction support vessel (CSV) Southern Ocean, jointly owned by Bourbon Offshore Norway and Oceanteam, has been awarded two charters.
Oceanteam did not name the client party but hinted that the scope of the project is in some part a continuation of Oceanteam’s project in the Indian ocean last year.
Oceanteam’s fleet and chartering manager Mathieu Feisthauer said "Securing this new contract for the CSV Southern Ocean after successfully finalising 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.”Work on the first short-term contract started in November and the second, longer term contract is expected to start in December 2019. The work is expected to be completed in the first quarter of 2020 with optional extension to take the contract into 2020.
Earlier in 2019, Southern Ocean was hired to support the Dutch Geophysical survey company Fugro off the coast of Australia.
Following the award to Southern Ocean, the entire Oceanteam fleet is fully utilised with firm charters into the first quarter of 2020. Over 2019, the fleet utilisation is expected to exceed 85%.