Seamec Ltd, an Indian registered Public Limited company, has informed BSE that Vessel SEAMEC PRINCESS will complete her Charter with Kreuz Subsea Pte Ltd in South East Asia around second week of April, 2014.
The Company has entered into a Charter Party with Technip France, Abu Dhabi for her deployment in Dubai Offshore for a Firm period of 120 days with option for extension.
The Charter Hire is likely to commence around end April, 2014. The Contract value during the firm period would be around US$ 3.5 million.
The Seamec Princess provides services, which include S.B.M maintenance removal and installations, Platform, Riser and Pipeline repairs, inspection & survey, Subsea constructions, Anode installations, ROV & Grouting operations and Hook up jobs/commissioning.
Press Release, April 07, 2014; Image: SEAMEC