Tasik Subsea newbuild DSV commences extended charter with Fugro

Singapore’s Tasik Subsea has seen its newbuild diving support vessel Southern Star commence a six-year bareboat charter with Fugro today.

The six-year charter, an increase on the originally agreed five years, also includes extension options.

John Giddens, managing director of Tasik, commented: “The market is difficult with economic challenges at every tier, no one needs telling that. But, by working to ensure the operator has an outstanding and reliable vessel that can be operated competitively and flexibly, both parties saw the economic sense in extending the charter period from five to six years in exchange for adjusted rates during some of the firm charter period.”

Built at China’s Fujian Mawei Shipbuilding, the vessel was built with economy in mind and from the design stage was specified as fit for purpose.

Tasik Subsea was formed in 2014 by Giddens and M3 Marine’s Mike Meade.


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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