Ultra Deep Solutions wins 5-year deal for newbuild DSCV

  • Business & Finance

Offshore vessel operator Ultra Deep Solutions (UDS) has won a five-year charter for the newbuild diving support and construction vessel (DSCV) Andy Warhol.

The company revealed through its social media channels last Saturday that the Andy Warhol became the fourth vessel in its fleet under a long-term deal. Delivery to an unnamed client is planned for 4Q 2018.

Ultra Deep Solution CEO, Sheldon Hutton, said: “We at UDS have passionately built this vessel from the start for the Middle East and Asian regions. It fits nicely into the market as a very high specification ship. The market has really heated up for the higher end DSCV vessels as of late.

“As we move forward now, our long-term outlook is very positive with oil trading in the $65 to $85 range. From here we will be aggressive with our next generation building phase. We look to sign multiple hybrid vessels in the next few months.”

The Andy Warhol DSCV has an 18-man saturation system with Twin SPHL’s and integrated air diving system. It also comes with FiFi 3, oil recovery, 150t 3000 msw crane and Schilling/FMC WROV’s built into the vessel.

The vessel was launched earlier this month with delivery from the shipyard planned for the third quarter of 2018.

As for the company’s other newbuilds, the Picasso, the Van Gogh, and the Ultra Deep Matisse DSCVs are expected to be delivered in 1Q 2018, 2Q 2018, and 1Q 2019, respectively.

Back in December, Ultra Deep won contracts for three of its vessels, DSCV Van Gogh, DSCV Picasso, and DSCV Lichtenstein.

Offshore Energy Today Staff

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