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Reach Subsea Takes Volstad’s Deep Cygnus Vessel on a 4-year Charter

marinesalvage by marinesalvage
October 23, 2022
in Tug&Barge&Salvage
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Reach Subsea Takes Volstad's Deep Cygnus Vessel on a 4-year Charter
Credit: David Meek/MarineTraffic,com

Credit: David Meek/ MarineTraffic, com

Subsea company Reach Subsea has actually hired Volstad Maritime’s overseas building and construction vessel Deep Cygnus for 4 years, with a choice to prolong for one year.

The vessel will certainly be furnished with launch as well as healing systems (LARS) as well as ROVs prior to the shipment to Reach Subsea.

Reach will certainly activate the 122-meter vessel throughout February/March 2023 as well as utilize the vessel by itself tasks within IMR (examination repair and maintenance) as well as light building and construction within the oil & & gas as well as renewables markets. The economic information of the offer were not divulged.

“This subsea spread is well suited for our core focus markets and has a good fit with the tenders we currently have outstanding,” Reach Subsea stated.

Battery setup on the vessel is arranged for the winter months of 2023/2024.

Jostein Alendal, CHIEF EXECUTIVE OFFICER of Reach Subsea: “We have entered a phase of strong market development for subsea services, and with Deep Cygnus we are securing capacity for the coming years, during the transition to more unmanned operations with our Reach Remote concept. 

“Deep Cygnus is a vessel that fits perfectly right into our emphasis markets. The vessel has a strong performance history within the renewables sector, which we plan to utilize as a door opener for offering subsea solutions to the very same customers. Volstad Maritime is a brand-new provider to us, yet we have actually been extremely happy with what we have actually seen until now on the vessel as well as within the company.”

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