Island Offshore has entered into a contract with an undisclosed major oil company covering the charter of the purpose built, state of the art “Walk-to-work”, maintenance, subsea and support vessel M/V Island Crown.
The contract is a seasonal charter and the main duty for the vessel will be to provide accommodation and walk to work duties by means of a fully integrated gangway fitted on the vessel.
The duration of the contract is five months firm, and covers the seasonal charter of the vessel in 2014 and 2015, with further options for the 2016 and 2017 season.
Island Offshore is very pleased with this contract which is in line with market terms.
Press Release, November 12, 2013