Search results for: Deep Sea Supply

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  • 20 November 2015

    Deep Sea Supply, an operator of offshore vessels, has announced it will lay up vessels that do not have any fixed activity in the next months as a consequence of the weak market.  Deep Sea Supply already has 10 vessels in layup, all of them being Platform Supply Vessels (PSVs). According to its third quarter 2015 financial […]

  • 2 June 2016
    Business & Finance

    Deep Sea Supply, the Oslo-listed owner of offshore support vessels for the oil and gas industry, is looking to diversify its offering, as it sees no signs of improvement of the fundamentals of the global OSV markets. Namely, the company, which earlier this week said the offshore vessels market continues to be oversupplied, is now […]

  • 18 May 2017
    Business & Finance

    Offshore supply vessel operator Deep Sea Supply has been awarded time charter contracts for two platform supply vessels.  According to its Oslo Stock Exchange filing on Thursday, the company has been awarded time charter contracts for the PSVs Sea Supra and Sea Swan for operations in South-East Asia. Each vessel has been contracted for two wells firm […]

  • 25 April 2016
    Business & Finance

    Offshore supply vessel operator Deep Sea Supply has been awarded new contracts for four of its platform supply vessels (PSVs).  Deep Sea Supply has been awarded a contract for 2 years firm plus 3 yearly options with Statoil in the UK for the 2013-built PSV Sea Falcon for operations in the North Sea. The company said that […]

  • 18 August 2016
    Business & Finance

    Offshore supply vessel operator Deep Sea Supply posted a net loss for the second quarter of 2016 as revenues experienced a steep decline due to lower vessel utilization.  The vessel operator on Thursday reported a net loss of $30.9 million for 2Q 2016, including extraordinary impairments of book value of vessels of $17.6 million, compared […]

  • 2 February 2015
    Business & Finance

    Deep Sea Supply, a Cyprus-headquartered owner of offshore support vessels, has agreed on long term bareboat contracts for the PSVs “Sea Tortuga” and “Sea Triumph”. The vessels will be used for operations in Australian waters. The company did not reveal the name of the client, but simply stated that the end charterer will be an international oil […]

  • 21 April 2015
    Business & Finance

    Deep Sea Supply, a Cyprus headquartered owner of offshore support vessels, has appointed Jon Are Gummedal as new CEO of the company. Gummedal has worked with Deep Sea Supply since January 2014 as Technical Director with the responsibility of the technical management and crewing of the fleet operating worldwide. Prior to this, he held a position as […]

  • 27 January 2014

    Deep Sea Supply today has taken delivery of the Platform Supply Vessel “Sea Spider” of Ulstein’s PX 105 design from Sinopacific Shipyard. The vessel is owned by a company which is 50% owned by Deep Sea Supply and 50% by BTG Pactual. The vessel’s main characteristics are the size of 4700 dwt, 1000 m2 deck area, clean design, diesel […]

  • 17 February 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    Deep Sea Supply has secured new contracts for its Platform Supply Vessels. The company has agreed on a 1 year firm plus 1 year options contract with Petrobras for the PSV Sea Brasil for operations in Brazil. According to Deep Sea Supply, the contract is expected start in the second half of 2Q 2015. Furthermore, the vessel Sea […]

  • 26 January 2017
    Business & Finance

    Deep Sea Supply, the Oslo-listed owner of offshore support vessels, has been awarded a new, time charter contract for the anchor handling tug and supply (AHTS) vessel Sea Tiger for operations offshore Brazil. Deep Sea Supply said on Thursday that the contract is for a firm period of one year and will begin at the […]

  • 31 May 2016

    Offshore vessel operator Deep Sea Supply will continue to lay-up vessels that do not have any fixed activity in the next months as a consequence of the weak market.  Deep Sea Supply has per May 2016 laid up in total 16 vessels, of which 11 are platform supply vessels (PSVs) and 5 anchor handling tug and […]

  • 13 November 2013
    Business & Finance

    Deep Sea Supply has entered into long term charter contracts for the 3 PSVs “Sea Falcon”, “Sea Flyer” and “Sea Forth” with an international oil company for operations in the North Sea.   “Sea Falcon”, “Sea Flyer” and “Sea Forth” have all been awarded charter contracts for up to 5 and 3 years. “Sea Falcon” started operations in April […]

  • 2 June 2014
    Business & Finance

    Deep Sea Supply Plc has today entered into an agreement to acquire 10 PSVs. The total price paid for the 10 vessels including remaining CAPEX is USD 366 million, the total broker value for the vessels is USD 419 million. Deep Sea Supply will raise approximately USD 200 million through a Private Placement to partly […]

  • 23 October 2014
    Business & Finance

    Deep Sea Supply, a Cyprus headquartered owner of offshore support vessels, has secured charter extensions for two PSVs with Brazil’s Petrobras.  The contracts for the two vessels, PSV Sea Halibut and PSV Sea Bass, have been extended for 1 year with an option to extend for another 1 + 1 + 1 year. The new firm period […]

  • 3 December 2014
    Business & Finance

    The Board of Directors of Deep Sea Supply and Finn Amund Norbye have reached an agreement that Norbye will step down as CEO after close to 10 years in the company. Chairman of Deep Sea Supply, Harald Thorstein said: “Finn Amund Norbye has been an energetic and structured CEO who has done an excellent job […]

  • 27 February 2013
    Business & Finance

    Deep Sea Supply reports consolidated revenues of MUSD 38.9 in 4Q 2012 compared to MUSD 32.1 in 4Q 2011. Total operating expenses in 4Q 2012 were MUSD 23.6 compared to MUSD 19.4 in 4Q 2011. This resulted in EBITDA of MUSD 16.6 in 4Q 2012, compared to MUSD 14.0 in 4Q 2011. Following financial expenses […]

  • 21 June 2018

    Solstad Farstad has sold and delivered one of its anchor handling tug supply vessels to an unnamed owner.

  • 19 February 2016
    Business & Finance

    Ship Finance International, a shipping company, has agreed to sell the 1999-built offshore supply vessel “Sea Bear” to an unrelated third party. The company has simultaneously agreed to terminate the corresponding charter party with a subsidiary of Deep Sea Supply which was supposed to last until 1Q 2020. The vessel is expected to be delivered […]

  • 6 November 2014
    Business & Finance

    Deep Sea Supply, a Cyprus-registered owner of offshore support vessels, has agreed on bareboat contracts for the PSVs “Sea Spear” and “Sea Swift”. The contract is for operations in Australian waters. The company did not reveal the name of the client, but only noted that the end charterer will be an international major subsea contractor. […]

  • 27 February 2015
    Business & Finance

    Deep Sea Supply, the owner of offshore support vessels, has agreed on a contract extension for the AHTS vessel Sea Tiger. The vessel was hired for operations in Brazil, but Deepy Sea Supply did not name the client. The extension is for one year firm plus 6 x 30 days option period. According to Deep […]

  • 2 June 2014
    Business & Finance

    Deep Sea Supply Plc. has entered into an agreement to acquire 10 PSVs. The total price paid for the 10 vessels including remaining CAPEX is $366 million, and the total broker value for the vessels is $ 419 million. Deep Sea Supply will raise approximately $200 million through a Private Placement to partly finance the acquisition of the […]

  • 21 June 2017

    Major Norwegian offshore vessel owners are set to complete the previously announced merger, with the new merged, company expected to start trading on the Oslo Exchange on Thursday. The merger, between Deep Sea Supply, Farstad Shipping, and Solstad Offshore will create Solstad Farstad, a new OSV player in Norway with a fleet of 154 vessels, […]