CSV Southern Ocean secures two new gigs offshore India

Construction support vessel (CSV) Southern Ocean, which is jointly owned by Bourbon and Oceanteam, has been awarded two charters on offshore projects off the East Coast of India.

CSV Southern Ocean; Source: Oceanteam

Oceanteam said on Wednesday that the scope was a partial continuation of the scope that was initiated the previous year. Works on the first short term contract have started this month whereas the second, longer-term contract is expected to start in December 2019.

Works are expected to be completed in the first quarter of 2020 with optional extension to take the contract well into 2020.

Mathieu Feisthauer, Fleet and Chartering Manager of Oceanteam, says: “Securing this new contract for the CSV Southern Ocean after successfully finalizing last year’s project in Indian waters, shows that the market has faith in our assets and in us as an offshore service provider. This is now the second and third charter in this region. A region that is rapidly developing and will provide more opportunities in the future. We hope to remain a part of that.”

With the CSV Southern Ocean now under charter as well, the entire Oceanteam fleet is fully utilized with firm charters into the first quarter of 2020. Over 2019, the fleet utilization is expected to exceed 85%.

The CSV Southern Ocean is a DP2 Construction Support vessel that is characterized by large cranes (1 x 250 and 1 x 100 tonnes fully heave compensated), and 2400 m2 deck space. These characteristics enable the Southern Ocean to be utilized for field support, construction, installation, and IRM.

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