DeepOcean received dayrates reduction for charter of subsea support vessel Havila Phoenix

Havila PhoenixThe offshore contractor DeepOcean received reduction of dayrates for charter of subsea support vessel Havila Phoenix. The dayrates reduction was agreed by shipowner Havila Shipping against contract extension. The duration of the new contract and finance terms were not disclosed by both sides. The vessel was chartered in late 2014 for a period of seven years, plus four one-year options. The ship will be employed at DeepOcean’s contract with Dong Energy AS at Walney Extension Project for installation of 90 wind turbine, about 136 km of offshore export cables and a 23 km interlink cable in North Sea.

The dayrate reduction is important for the both companies, to find more flexible employment of the vessel with higher efficiency. DeepOcean and Havila Phoenix negotiated the changes in the contract following the operations at Walney Extension Project. Between September 2013 and March 2014, the vessel was lengthened by 17.4 metres to accommodate new equipment needed to undertake cable laying and trenching for offshore windmill installations, which it was to undertake during the DeepOcean contract.

DeepOcean is Netherlands-based company which provides subsea services related to offshore construction such as trenching and laying of flexible products, inspection, maintenance & repair and decommissioning. Its 1,400 employees project manage and operate a fleet of Vessels, ROV’s and subsea Trenchers. DeepOcean operates mostly in the Oil & Gas and Offshore Renewables industries globally, with a number of offices located around the world.

The subsea support vessel Havila Phoenix (IMO: 9407990) has overall length of 127.40 m, moulded beam of 23.50 m and maximum draft of 7.00 m. The deadweight of the ship is 6,250 DWT and the gross tonnage is 10,599 GRT.