Norway: DOF Secures New PSV Contracts with Shell

Norway - DOF Secures New PSV Contracts with Shell

DOF Rederi AS, a daughter company of DOF ASA, announced that it has entered into 2 new contracts and one extension of an existing contract with Shell.

For the Skandi Foula and the Skandi Rona the firm contract periods are 5 years with 5 x 1 year optional periods. Both these contracts will commence in April 2012. Skandi Marstein has been extended with 1 year until November 2012.

The new contracts are done at market terms and will give an annual EBITDA increase of approximately NOK 34 million compared to the previous contracts.

Skandi Foula and Skandi Rona have worked for Shell since they were delivered from yard in 2002. Skandi Marstein has worked for Shell since 1996 when she was delivered from yard.

Skandi Marstein, Skandi Foula and Skandi Rona are large PSVs.

World Maritime News Staff, January 26, 2012; Image: DOF



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