Jaya Secures Contract for Its New PSV in East Africa

Jaya Holdings announced it has signed a contract to charter its new build DP2 Platform Supply Vessel (PSV) “Jaya Vigilant” for a long term operation in the Indian Ocean, offshore Mozambique.

The two year contract, which includes charterer’s options has a value of more than US$20 million.

Jaya Vigilant, designed as a large PSV, is now being upgraded with additional equipment required for the charter’s work scope prior to delivery from Jaya’s own yard in Batam, Indonesia at the end of September 2013.

The work scope includes Remotely Operated Vehicle (ROV) support, survey work and core sampling in water depths of up to 2,000 metres and thus requires a 50 ton, subsea rated, deep water crane and a mezzanine deck for the ROV spread, as well as additional communications kit, survey pole equipment and enhanced passenger facilities on board.

Jaya Vigilant is the second of Jaya’s large PSVs. The first vessel in the series, “Jaya Valour” was upgraded and delivered at the end of July this year. She is operating on fracking and coil tubing projects in South East Asia under a term  contract, as previously announced.

Similar to her sister ship, Jaya Vigilant is highly versatile and customisable with full under deck cargo capacity for rig supply work and 1,000 square metres of clear deck space for either cargo or the installation of light construction  equipment.

The vessel has more than 5,000 tons of cargo deadweight capacity and both brine and mud tanks, in addition to fire-fighting equipment to FiFi 1 standard. She features a gym and an internet café onboard for passengers and crew, and  complies with SPS 2008.

With moulded beams of 20m and 8,000 brake horse power main engines, as well as two bow thrusters and two stern thrusters, Jaya Vigilant and her sister are built with excellent station keeping in mind.

Jaya Holdings’ CEO, Mr Venkatraman Sheshashayee, said today: “Jaya is proud to have secured this important contract in an exciting new market, where significant deep water gas discoveries have been made over the last few years. The  upgrades to the vessel have been made possible by the close co-operation between our engineering, shipbuilding and chartering teams. Our shipbuilding team in Batam and our engineering team in Singapore have demonstrated their ability  to respond quickly and effectively to meet the needs of our customers, delivering upgrades and enhancements to the vessel without jeopardising the committed delivery date.

“International oil companies need increasingly versatile offshore support vessels to perform multiple tasks, especially in remote, frontier locations like East Africa, where there is no spot-market and only limited shore support.

“Having established ourselves in West Africa, we are pleased to have secured this contract in Mozambique. We are proud to be one of the first Asian companies to venture into East Africa and we hope to build a strong presence in the region  in the long term”.

With the delivery of Jaya Vigilant in September, Jaya will have seven new builds remaining in its current shipyard order book. Two of these new build vessels slated for delivery from Jaya’s yard in Batam are purpose built ROV support  vessels with large subsea cranes and diesel electric propulsion, which will offer even greater opportunities for Jaya’s clients.

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Jaya Holdings, August 26, 2013