ROVworld Subsea Information

CTC to sell the Ocean Challenger
Date: Tuesday, July 12, 2005 @ 11:01:39 EDT

It has been reported in the press that it is likely that Ocean Challenger will be sold to DOF (District Offshore) towards the end of this year. CTC wish to emphasize that all obligations entered into with this vessel will be completed as contracted prior to handover.


Ocean Challenger

CTC has for some time been reviewing and optimizing its fleet with the objective of having vessels which can support its variety of trenching installation spreads throughout the year in all weather conditions.

The Ocean Challenger has supported this transitional phase in the Company's diversification from the cable industry to the offshore industry. Going forward, the Company plans to secure and operate 4 multi-purpose vessels for the 2006 season which will be focused on supporting its framework partners and the general trenching installation market.

CTC have framework agreements in place for trenching and ploughing services with both Stolt Offshore and Subsea 7 and in addition are currently working directly with BP, Statoil and Shell.

This article comes from ROVworld Subsea Information

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