DESSC – Delivery of another newbuilding

Deep Sea Supply (DESSC) has taken delivery of ?Sea Otter?, a 6,500 bhp AHTS vessel from ABG shipyard in India. The vessel will go directly to Indonesia for a four months time charter with Conoco Philips at a rate of $17,500 per day or equal to an estimated value of $2,1 million.

?Sea Wolverine? is the next vessel to be delivered from ABG Shipyard and will converted to a DP1 vessel which will push back the delivery date from September to December 2007.

“Sea Otter” is the first of nine AHTS newbuildings from ABG Shipyard in India, and the 6th newbuilding delivered to Deep Sea Supply this year.