STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the construction of two Platform Supply Vessels (PSV) for Island Offshore. The total value of the contracts amounts to approximately NOK 500 million (USD 87 million).
Deliveries are scheduled from STX OSV Brevik in Norway in Q4 2013 and Q2 2014. The hulls of the vessels will be delivered from STX OSV Braila in Romania.
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.
The Island Offshore Group is a leading provider of services to the offshore industry managing a fleet of 22 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 five vessels under construction for this long-standing client prior to securing the new contracts.
Source: STX OSV, June 29, 2012