Singapore’s Tasik Subsea has sealed an agreement with Australia’s Shelf Subsea to extend the charter for the diving support vessel Southern Star.
.The deal for the Fujian Mawei-built ship which went on a five-year bareboat charter with Shelf last year now includes further multi-year extensions.
Southern Star has been contracted with Shelf Subsea since May 2019. The vessel was made available after Fugro terminated a six-year charter for the vessel less than two years into the contract. The Dutch company was later ordered to pay $26.8m compensation to Tasik by an arbitration tribunal.
The 2017-built unit is the first vessel in the Asia Pacific region to have twin SPHLs and DP III capability.
