Ultra Deep Solutions adding another DSV to fleet

Ultra Deep Solutions adding another DSV to fleet

Singapore-headquartered subsea specialist Ultra Deep Solutions has announced the commencement of the design, engineering and build of a new dive support construction vessel.

The company says the vessel will be a new hybrid design in line with its philosophy on environment and efficiency.

Shel Hutton, CEO of Ultra Deep Solutions, commented: “Our companies focus is to be a leader in subsea vessel technology. We have concentrated on electrics and hydrogen for the last three years. Market conditions have changed and oil majors are constantly looking for more efficient vessel alternatives. Our new hybrid subsea line will compliment our fuel efficiency vessels already in operation. Our focus will be to reach four to five tons or less of fuel used per day on dynamic positioning mode. This is just the start for us to continue to strive in an ever changing vessel climate.”

The vessel is likely to be delivered late 2020 or early 2021, although the company has yet to pick a yard yet according to Hutton.

“We will decide by September 15 where we are building,” Hutton told Splash today, adding that the market is “on fire” for mid-size new dive support vessels. “We always though that oil and gas companies would come to their senses and get rid of all the old DSV tonnage,” Hutton says.

Ultra Deep Solutions currently has five DSVs in its fleet, including those already under construction.

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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