Aberdeen-based subsea installation contractor Bibby Offshore has signed a charter agreement for construction support vessel (CSV), the Olympic ARES. The agreement with Olympic Shipping will initially be a seasonal charter beginning at the end of Q1 2014 with options to extend.
The vessel will be mobilised with ROV’s from Bibby Offshore’s sister company Bibby Remote Intervention Limited and the companies together with Olympic Shipping shall jointly market the vessel from when it arrives in Aberdeen in November this year.
Andrew Duncan, president and managing director of Bibby Subsea said, “Adding to our fleet increases our offering to the IRM and construction market, which is an important growth area for the business. We have recently secured a number of major contracts in these areas and the Olympic ARES will be used to execute large and complex projects in the UKCS, Denmark and elsewhere in the North Sea.
Bjorn Kvalsund, executive vice president for Olympic Shipping said, “We are very pleased to begin this relationship with Bibby Offshore and to have signed this first charter agreement with them. The ROV Services Agreement with sister company Bibby Remote Intervention will allow us to both take advantages of additional opportunities together and we hope to grow and expand this working relationship in the future.”