Pacific Radiance exercises options for two new PSVs

In September 2013, Pacific Radiance Group announced the order for two platform supply vessels of the ULSTEIN PX121 design for construction at Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. The contract included options for two more vessels, and the options are now declared.

“The contract with ULSTEIN comprises design and an extensive package of equipment, and we are grateful for these new orders,” says Ove Dimmen at Ulstein Design and Solutions, continuing: “It’s exciting to see that Shanghai Waigaoqiao has succeeded in introducing these efficient and flexible PSVs to the market.”

In addition to PSV duties, the vessels for Pacific Radiance Group are also prepared with increased accommodation and provisions for crane and ROV installation, which give the vessels the opportunity to trade in the IMR market.

The two vessels are scheduled for delivery in Q4 2015.

The PX121 design has drawn much interest worldwide since the first vessel of this type started work in 2012. The design quickly gained popularity as charterers and ship-owners discovered that the vessel meets the typical PSV requirements with a fuel efficient and competitive combination of loading capacity, speed and discharge capability.

“Summary of feedback from the vessels in operation is improved regularity, low fuel consumption and a pleasing work place, which is a credit to ULSTEIN X-BOW®’s hull characteristics as well as the proven machinery and outfitting solutions,” states Ove Dimmen.

 

Press Release, March 18, 2014

 

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