Ultra Deep Solutions completes year-end charter hat-trick

Singapore’s Ultra Deep Solutions has entered into another long-term charter contract, announcing today the fixing of dive support construction vessel Lichtenstein.

The company said the vessel will finish a contract in the Middle East, believed to be off Iran, before commencing a new three-year contract (including multiple one-year options) operating in the Gulf of Mexico, South America and Caribbean.

Ultra Deep Solutions sealed a five-year charter in Malaysia for newbuild DSCV Van Gogh two weeks ago and last week announced a four-year contract for another newbuild DSCV, the Picasso.

Splash understands that Picasso is headed to Mexico to operate with Pemex.

Shel Hutton, CEO of Ultra Deep Solutions, commented: “Once again this is great news for Ultra Deep. It again proves our end clients are looking for a quality product in this market. We strive to bring a very fuel efficient vessel to the oil majors. This was our 3rd major contract award for one of our ships in December. We always knew the end of 2017 was going to be the turning point in the oil down turn. This pretty much solidifies what we were thinking all along. We now look for major signings of new vessels in 2018 to add to our growing fleet.”

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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