Delta SubSea takes newbuild on charter from Olympic Shipping

Houston: Delta SubSea (DSS) has announced it has an agreement to charter the Olympic Delta, a newly built multipurpose subsea support and construction vessel, from Norwegian company Olympic Shipping.

The parties are keeping details limited but Delta SubSea spokesman Grant Gay said the deal was “verbally agreed” between DSS’ CEO Scott Dingman and his counterpart at Olympic, Stig Remoy.

“It’s a long-term charter and delivery is expected in July this year,” Gay said. “There are no particular jobs planned for it yet but we’ll be looking at international work most likely off Trinidad and Brazil.

“I can’t say the price of the charter.

“We’ve been looking at multiple clients including some big names in the industry but nothing is confirmed as yet.”

The Olympic Delta is a 94m-long green-friendly vessel designed for greatly reduced fuel consumption and emissions. Gay said it will carry two Schilling HD 150 HP work-class remotely operated vehicles (ROVs) from DSS’s fleet, with the focus on inspection, repair and maintenance jobs.

On Monday CEO Dingman had let the cat out of the bag about the deal when he said: “We’re thrilled to announce the addition of a second vessel to our growing line up.”

Delta SubSea, of Montgomery, Texas, is a leading provider of engineering services for the global offshore oil and gas industry.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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