CSV Southern Ocean bags new contract for works in India

CSV Southern Ocean, a construction support vehicle owned by Bourbon and Oceanteam, has bagged two charters from an undisclosed client on offshore projects located off the East Coast of India.

The scope of the contract is a partial continuation of the scope that was initiated in 2018.

Oceanteam said that works on the first short term contract had started this month, while the second, longer-term contract is likely to begin next month. The works are expected to be wrapped up in Q1 2020 with an optional extension to take the contract into the next year.

Mathieu Feisthauer – Oceanteam Fleet and Chartering Manager said: “Securing this new contract for the CSV Southern Ocean after successfully finalising last year’s project in Indian waters, shows that the market has faith in our assets and in us as an offshore service provider.

“This is now the second and third charter in this region. A region that is rapidly developing and will provide more opportunities in the future. We hope to remain a part of that.”

CSV Southern Ocean. Photo courtesy of Oceanteam.

Oceanteam said that with the CSV Southern Ocean now under charter, the company’s entire fleet is being fully utilized with firm charters into Q1 2020.

The Dutch Norwegian offshore support vessel provider said that its fleet utilization is expected to cross 85% this year, which it says marks the appreciation of its vessels and tasks they are expected to perform.

Built as a DP2 Construction Support vessel, the CSV Southern Ocean is known for its large cranes, 2400sqm deck space, extensive accommodation, and excellent seafaring capabilities. Oceanteam claims that these characteristics help Southern Ocean to be deployed for field support, construction, installation, and inspection, repair and maintenance services.

In June 2019, CSV Southern Ocean won a contract in Malaysia from Fugro, a Dutch geo-intelligence and asset integrity solutions, to support the latter for a Deepwater ROV subsea installation project off the coast of Sabah.