ADS Maritime Holding stated Wednesday it had actually gotten a 10% risk in a Dive Support Vessel and also will certainly function as Commercial Manager with key obligation for complying with up the shipowning firm’s tasks pertaining to the vessel and also the bareboat agreement.
The vessel “Southern Star” is a high specification DP3 Dive Support Vessel (“DSV”) integrated in 2017, matched for light subsea building and construction job (150t subsea crane) and also progressed dive assistance collaborate with lodging for roughly 120 pax.
“The vessel was delivered on March 28, 2023, and will be employed on a 5-year bareboat contract, with a further sub-charter bareboat contract to a major provider of fully integrated subsea services,” ADS Maritime Holding stated.
“The acquisition is part of the company’s strategy of opportunistic growth within shipping and offshore, where the Company during 2022 and 2023 has taken positions within the Shuttle, VLCC, MR and subsea segments,” ADS Maritime Holding stated.
According to readily available info, the vessel concerned is possessed by Singapore- based Tasik Subsea.
Upon distribution in 2017, the vessel had actually invested some 22 months right into a 6-year agreement with Fugro, when Fugro supplied the vessel to Tasik, in what Tasik stated was a “surprising return.”
Tasik after that released mediation, and also the mediation tribunal in January 2020 supplied its choice in which it figured out that the charter event need to not have actually been ended, and also Tasik was granted an amount of USD 26.8 million.
