Olympic Shipping Secures Contracts for Newbuild Vessels

Olympic Shipping plans to take delivery of two Subsea Support newbuilds from Kleven Maritime in 2014 and 2015.

Both vessels have been awarded contracts for 3 years fixed with options of another 2 x 1 year.

The vessel Olympic Zeus is employed on a contract with Reef Subsea for a fixed period of 120 days + options. It will be engaged on a project at the Grane field for Statoil.

Total value of the fixed contracts part is close to NOK 800 mill, and including options the total value reaches approx. NOK 1.2 billion.

Press Release, March 03, 2014; Image: Ulstein