SeaEnergy and GO in ship management deal

SeaEnergy PLC has announced that its subsidiary SeaEnergy Ship Management Limited (SEASM) has entered into a 51:49 joint venture (JV) with Go Offshore (Asia) Pte Ltd (GO) a Singapore based shipping company, with SEASM having 51%.

SeaEnergy and GO in ship management deal

The JV called GOSeaEnergy Ship Management Limited (GOSeaEnergy) will manage GO’s vessels in U.K., European and adjacent waters. The JV starts business by assuming the management of the MV Surf Ranger, which was already under SEASM management.

A second vessel, the GO Pegasus, an anchor handler (AHTS), is scheduled to arrive in Europe from the Far East during the summer and other GO vessels are expected to come under the JV’s management during the course of this year.

SeaEnergy and GO are also focussed on the construction and operation of accommodation and maintenance vessels for offshore wind farm and oil & gas support using SeaEnergy’s high performance dynamically positioned walk-to-work designs. SeaEnergy and GO are already actively tendering together for the provision of such vessels to clients, combining SeaEnergy’s detailed knowledge of offshore wind and specialised vessel design expertise with GO’s operational experience and financial strength and SEASM’s extensive management experience of these vessel types.

SeaEnergy and GO in ship management deal

Commenting on the JV and the wider relationship with GO, Mike Comerford, SeaEnergy’s Operations Director and first Chairman of GOSeaEnergy said: “We are delighted to be managing GO’s vessels in the region and look forward to working closely with GO over the years to come both in the ship management joint venture and in advancing our plans and aspirations for offshore wind farm support vessels, where we are seeing an increase in tendering activity.”

Garrick Stanley CEO of Otto Marine said “This is an important step in broadening our operational capability locally in European waters and we are delighted to be working with SeaEnergy in the region.”

 

[mappress]
Press Release, June 11, 2014

 

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