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Reach Subsea awarded CSV contract

Norway’s Reach Subsea has been awarded a contract for the deployment of its construction support vessel Olympic Challenger in a project in the Gulf of Mexico.

The contract is set to commence in November with a firm period lasting through the first quarter of 2021, with options to extend towards the summer of 2021.

“We are very pleased with our success in building a sensible schedule for the winter season. Admittedly, the Olympic Challenger contract is merely a question of covering our cost in a tough winter market, but with this we are now setting ourselves up to enter 2021 with a solid financial position. We believe this will be an important enabler for our ability to realise some of the interesting opportunities we are pursuing for the future,” said Jostein Alendal, CEO of Reach Subsea.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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