Olympic Shipping secures contracts for Subsea Support newbuilds

  • Business & Finance

Olympic Shipping has secured contracts for two of its Subsea Support newbuilds to be delivered 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 company, based in Norway, did not reveal more details on the agreements.

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

Total value of the fixed contracts part is close to $132 million. Including options, the total value is approximately $200 million.

Press Release, March 03, 2014
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