DOF Enters into New Contracts with Total Egypt

dof

DOF has today entered into two time charter contracts with Total Egypt (Total) for employment of the vessels “Skandi Stord”  and “Skandi Saigon” in the Egyptian economic zone.

Commencement is end September, 2013, each with a firm period of  approx. 100 days. Total has an option to extend the contracts for each ship with approx. 40 days.

The aggregate contract value for the firm period is approx. NOK 43 mill.

“Skandi Stord” and “Skandi Saigon” are anchor handling (AHTS) vessels. “Skandi Stord” is owned by DOF Rederi AS, a wholly owned subsidiary of DOF. “Skandi Saigon” is owned by Aker DOF Deepwater  AS, which is owned with 50 per cent by each of DOF and Aker Solutions ASA.

DOF, September 27, 2013