Bibby Offshore extends Olympic Ares charter

Olympic Ship AS has entered into a three-year charter agreement with Bibby Offshore Limited for the Olympic Ares, a multi-functional subsea support & construction vessel.

The charter extends the current charter in place, now ending in late 2017

The charterer has combined options for an additional three years for a total of six years.

The contract value and terms are in line with present market conditions for this type of vessel, Olympic Ship said.