Ultra Deep Solutions reveals another long-term charter

Ultra Deep Solutions reveals another long-term charter

Fresh from sealing a five-year charter for newbuild dive support construction vessel Van Gogh, Singapore subsea owner Ultra Deep Solutions (UDS) has entered into a four-year contract for another newbuild DSCV, the Picasso.

Picasso will commence the new contract with an unnamed client in the Americas in the first quarter of 2018.

Shel Hutton, CEO of Ultra Deep Solutions, commented: “I would like to thank many who were involved to bring this deal together. Once again it shows the industry if you produce a fantastic product at a good price the market will use it. Oil companies now are waking up to quality and efficiency. The market is truly changing very quickly and you have to be dynamic to adapt with technology.”

Earlier this week, Ultra Deep Solutions signed an LOI with China Merchants Heavy Industry for a SALT 310 well intervention vessel.

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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