Greek Nautilus Receives New Oil Spill Response Vessel

Nautilus Marine Acquisition Corp. (Nautilus) announced on March 22 that it has taken delivery of the SK Line 69, to be renamed Vega Jaanca, a 5150 BHP Anchor Handling vessel, built in December 2012 in China.

Nautilus has taken control of the vessel under a bareboat charter at a daily bareboat charter rate of $4,000, with an obligation to purchase the vessel at any time during the bareboat charter, at its option. The vessel has already completed its conversion into an Oil Spill Response Vessel (OSRV) and is en-route to Cape Town where the Oil Recovery Equipment will be installed.

Thereafter, the vessel will be delivered in Brazil into time charter employment with Petroleo Brazileiro S.A. (Petrobras) for 4-years firm, plus 4-years optional at a contracted gross daily charter rate of $26,200.

[mappress]

Nautilus, March 25, 2013