Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of the subsea construction vessel (SCV) Olympic Athene and Canyon’s ROV systems.
Olympic said that the agreement would see the companies work together to secure utilization for the vessel and Canyon Offshore’s systems and services with third party clients.
The framework agreement will operate initially for six months, with the potential to be evergreen thereafter. According to Olympic, the Olympic Athene has started its first job with a third party client in the U.S. Gulf under this agreement.
To remind, earlier in May Boa Marine Services made an early redelivery of the Olympic Boa offshore construction vessel to Olympic even though the vessel should have stayed with Boa for three years under a contract that started in 2014.
While the two companies were in dispute over the remaining contract period, the vessel was already under the contract with a new client, and under the new name, Olympic Athene.
Olympic Athene, previously known as Olympic Boa, is of an MT 6022 MKII design built by Kleven Verft with a 250t AHC Crane and total 102 persons accommodation.