Nordcap extends charter contract for PSV E.R. Aalesund

Nordcap Offshore Inc. has confirmed that the charter contract for the vessel E.R. Aalesund (to be renamed Nordcap Sky) has been extended by six months until 7 January 2015, with three additional option periods for two months each.

The terms and conditions for the charter contract, including the charter rate, remain unchanged.

The relevant vessel is to be acquired by Nordcap Offshore Inc., together with the charter contract, subject to completion of the ongoing IPO and listing.

Nordcap Offshore Inc. is an owner and operator of modern Platform Supply Vessels with a focus on the mid to large sized Platform Supply Vessels segment. The vessels will be operated in the core offshore markets of Africa, Brazil and the North Sea. PSVs are used for transporting supplies and equipment to and from offshore installations, such as drilling rigs, drilling platforms or drilling vessels.

Nordcap Offshore will purchase, operate and sell PSVs through the market cycles. Through its management, the company has a long-standing background in the shipping industry in general, and the offshore market in particular.