Norway: STX OSV to Build Two Platform Supply Vessels for Island Offshore

STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, has confirmed contracts for two Platform Supply Vessels (PSV) with Island Offshore. The contracts had originally been announced on 30 October 2011, subject to financing approvals. All subjects have now been lifted and the contracts have been made effective.

The vessels will be of Rolls Royce’s UT 717 CD design. The overall length of each vessel will be 84.3 meters with a beam of 17 meters, and the deadweight will be approximately 3800 DWT. Deliveries are scheduled from STX OSV Brevik in Norway in the third and fourth quarter 2013. The hulls of the vessels will be delivered from STX OSV Braila in Romania.

STX OSV Holdings Limited, together with its subsidiaries, is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with approximately 9,000 employees, STX OSV operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam. STX OSV’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The company’s expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers. STX OSV’s major shareholder STX Europe is part of the international STX Group​. STX Group has approximately 54,000 employees, and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.

Island Offshore Group is a leading provider of services to the offshore industry managing a fleet of 20 high quality vessels with an average age of less than four years, currently operating in Brazil, Mexico, USA and in the North Sea. STX OSV has delivered more than 25 vessels to Island Offshore over the past ten years, and already has four vessels under construction for this long-standing client prior to securing the new contracts.

Shipbuilding Tribune Staff, November 29, 2011; Image: stxosv

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Posted on November 29, 2011

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