Thursday, September 25, 2008

Coastline may get Strategic Marine to build third DSV

By Hwee Hwee Tan 

Filed from Singapore9/24/2008 5:42:19 AM GMT


SINGAPORE: Singapore-based Coastline Maritime is looking at finalising the shipbuilding contract for a third diving support vessel (DSV) with Australia-based Strategic Marine towards the end of this year.

Coastline has already purchased the electrical package and engine for the vessel. The DSV will offer similar capabilities to two 143-metre long (469-ft) vessels now under construction at Strategic Marine's shipyard in Vung Tau, Vietnam.

Coastline is understood to be seeking a buyer for its third DSV unit. The two earlier vessels will be going on 12-year charters with Oceanografia after their scheduled deliveries from the yard towards the end of this year.

Meanwhile, Coastline will also be working on finalising a newbuild contract for a third multipurpose construction vessel with Drydocks SE Asia by early 2009. Coastline has two other construction vessels with Drydocks. The two vessels, Goliath and Samson, have been sold to Oceanografia and will be going on long-term charters with Pemex.  Deliveries are scheduled for the fourth quarter of this year and the first quarter of 2010.