Reach Subsea takes Olympic vessel on two-year charter

Reach Subsea takes Olympic vessel on two-year charter

Reach Subsea has agreed a two-year charter, with one-year option,with Olympic Subsea for 2008-built multi-service subsea vessel Olympic Challenger.

The vessel will be mobilised by Reach next month and used in projects for inspection, maintenance and repair of subsea installations, light construction and renewables. 

Jostein Alendal, CEO of Reach Subsea, said: “An important part of our operational strategy is to co-operate with shipowners renowned for high quality performance, and we look forward to the continued good cooperation with Olympic Subsea in the years to come”

“For a long period, Olympic Subsea has chosen not to enter long term agreements in a challenging market. In the market recovery we expect to see, our strategy provides capacity to meet the customers’ needs within the subsea and renewable sectors,” commented Stig Remøy, chairman of Olympic Subsea.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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