Hallin Marine, the AIM quoted provider of subsea solutions to the oil and gas industry, has signed a three year charter on a new subsea operations vessel with Seacor Marine (Asia) Pte Ltd, part of Seacor Holdings Inc.
The Company will take delivery of the new build Seacor Penrith in the second quarter of 2008 and will use the vessel to support its diving and Remote Operated Vehicle (“ROV”) operations.
The 67 metre, dynamically positioned (DP2) vessel, has on board accommodation for 52 personnel and is fitted with a 20T SWL active heave compensated subsea crane.
The technically advanced Seacor Penrith will strengthen Hallin's capabilities and provide another platform from which the Company can carry out offshore construction, inspection, repairs and maintenance of new and existing oil and gas fields.
The charter of the Seacor Penrith is in line with Hallin’s stated strategy of operating a mix of owned, long-term charter and short-term charter vessels.
Jon Attenburrow, the MD of Hallin Marine’s East Division, said: “We are pleased to have secured the Seacor Penrith for the next three years on, what we believe are, very good terms with a professional operator. It is ideally suited to support our ROV, diving and subsea construction operations. “We believe the charter of the Seacor Penrith, along with the on-going charter of the Sanko Angel and operational availability of the Ullswater during 2008 and the Windermere in 2010, means we have secured the right mix of competitively priced vessels that will give us the flexible operating fleet required to help realise our strategy of continued, planned growth.”