Bibby Offshore has agreed a long-term extension to the charter of Volstad Maritime’s dive support vessel Bibby Topaz.
Bibby says that the terms and conditions of the charter have been adjusted to reflect the current market environment, and is now based on a more mutual sharing of risk and reward.
Howard Woodcock, CEO of Bibby Offshore, commented: “The Bibby Topaz has built a strong reputation with clients and is well-established as our premier DSV in the North Sea. We are delighted to have secured an extension to the charter, which will maintain our capacity in the North Sea over the next two and half years, and allow us to continue to deliver comprehensive support for clients in this region.”
The new contract secures the vessel for Bibby through to the end of 2019, with further options available to extend through to the end of 2024.