Jaya to Sell AHTS to Atlantic Towing Limited

Leading offshore energy services provider, Jaya Holdings Limited, announces it has reached an agreement to sell a second new state-of-the-art anchor handling tug supply vessel Jaya Sovereign to Canadian buyers, Atlantic Towing Limited. The vessel’s delivery is expected by the end of 2013.

The Jaya Sovereign is a sister ship of the Jaya Supreme which was delivered to Atlantic Towing in November of last year. Both vessels are among the most sophisticated anchor handlers ever built at a Singapore shipyard.

In announcing the sale today, Jaya said Atlantic Towing’s decision to acquire the sister ship was due to the high quality performance of the Jaya Supreme (renamed the Atlantic Kestrel) since the company took delivery of the vessel as well as the on-going demand for higher Ice Class vessels for work in Arctic waters.

Atlantic Towing Vice President Wayne Power said: “We have been very pleased with all aspects of the performance of the Atlantic Kestrel since it’s delivery including the vessel specification, operation and the workmanship. We are sure the acquisition of the Atlantic Merlin (Jaya Sovereign) will prove to be just as successful and we look forward to receiving and operating another excellent vessel.”

Jaya Holdings Chief Executive Officer, Venkatraman Shesheshayee said, “The sale of the Jaya Sovereign underlines our ability to deliver high quality vessels to customers at prices which reflect value as well as our unstinting focus on high quality workmanship. This is a repeat order for a vessel which is among the most sophisticated ever built for the offshore sector here in Singapore.

“The sale of Jaya Sovereign again shows that Jaya leads the field in building this kind of high value, high specification vessel at prices which our customers find attractive.”

He added that huge interest in Arctic Sea drilling means demand for “Jaya Sovereign” type vessels was rising. A recent licensing of 35 million acres of Russian Arctic to a Russian and international joint venture meant drilling was anticipated annually through to 2020 on a seasonal basis.

Leading international oil companies are planning programmes off Greenland in 2014 and 2015 as well, he said.

“Jaya is one of few shipbuilders in Asia to have built ice class anchor handlers and is happy to take new building orders from interested owners looking to capitalise on the surge in drilling activity,” he noted.

Jaya Sovereign’s main engines deliver more than 16,000 bhp power output with a continuous bollard pull of over 200 metric tons. The vessel is being built to Wärtsilä’s exacting VS4622 design, with Clean Design notation from DNV that limits air emissions and sea pollution and a green passport to enhance future recyclability. For emergency oil spill response purposes, the vessel features oil recovery tanks.

Jaya Sovereign is manoeuvrable, its 22-metre beam giving excellent stability even in the rough seas of the North Atlantic winter. Built with Dynpos-AUTR Dynamic Positioning (Class 2), the ship is fitted with two bow thrusters and two in the stern, 19-ton and 13-ton thrust apiece respectively.

The vessel bridge is designed for Naut-OSV (A) notation, significantly enhancing navigation and communication capabilities.

For work in areas close to the Arctic Circle, the vessel has DNV’s Ice-1A class notation, applicable for ships operating in broken channels made by breakers in first-year ice or in open waters with small floes.

She is built to Comf-V(3) class, which keeps noise and vibration levels within strict parameters. Comfort Class is typically found on passenger ships rather than OSVs, demonstrating strong commitment to the welfare of its crew complement, up to 45, it said.

The vessel is fitted with a 400 tonne line-pull Brattvaag anchor handling and towing winch. It has additional spooling capacity for deepwater work, twin sets of shark’s jaws, towing pins, and two remote control travelling cranes.

Press Release, June 12, 2013


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