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.