Norway: Fugro Extends Hugin Explorer PSV Charter

Siem Offshore and Fugro Geo Vessels AS (“the Charterer”), a subsidiary of Fugro Norway AS, has agreed to extend the bareboat charter of the PSV “Hugin Explorer” for a period of six years.

The new period commenced 1 April 2012, and the Charterer has options to extend the bareboat charter with 1+1 year. The contract value for the new firm period is approximately USD 45 million.

The “Hugin Explorer” is a PSV of MT 6000 mk II design built in 2006.

Siem Offshore Inc. is an owner and operator of modern support vessels for the global oil and gas service industry.

The Company has grown significantly and has currently a fleet of 45 vessels, of which 7 are under construction. The Company’s fleet includes large anchor handling tug supply vessels, platform supply vessels, and other support vessels.

Source: Siem Offshore, April 2, 2012


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