Two-year deal secured for Island Champion PSV

Norway’s Island Offshore has secured a long term contract for one of its offshore supply vessels.

The Island Champion platform supply vessel will now go on a two year contract with ASCO Marine Limited. The shipowner did not reveal the financial details of the arrangement but only said the deal was reached “at market terms.”

The Island Champion will be trading out of Aberdeen, and the new contract will start today, April 20, 2016.

“We are very pleased to have secured this new contract despite the challenging market conditions we are facing, and we look forward to co-operate with ASCO Marine Limited in the years to come,” says Managing Director of Island Offshore Management AS, Håvard Ulstein.

Island Offshore in 2014 sold the Island Champion to a third party Norwegian company and then leased it back for a period of five years.

This is not the first charter deal for Island Offshore this month. British oil major BP earlier in April, signed a contract for the charter of Island Offshore’s Riserless Light Well Intervention vessel the Island Constructor.

Elsewhere in Norway, another offshore shipowner today revealed a new contract for one of its vessels. Namely, Olympic Shipping’s anchor handler, the Olympic Octopus, will return from layup, and start work in the North Sea with an undisclosed client.

Offshore Energy Today Staff

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