Singapore subsea owner Ultra Deep Solutions and its CEO Shel Hutton appear to have mastered the art of the deal, snapping up its fifth vessel which is to be named Picasso.
The company has signed a contract for hull #121, a dive support construction vessel, at China Merchants Heavy Industry. The vessel will immediately head to dry dock for a name change and repaint, and is contracted for a 260 m dive at the end of September.
“We are pleased to add to our growing fleet. This will put us in a competitive position which is seen in the future of oil and gas. Our goal is to constantly look for vessels right now which propel us into our next segment of expansion,” Hutton said on the company’s Facebook page.
Hutton founded Ultra Deep Solutions in August 2014 with a focus to build one of the youngest dive support fleets in the world at the lowest cost.