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Jaya secures $20m charter contract

Jaya secures $20m charter contract
Singapore-based Jaya Holdings secured a contract to charter its newly built platform supply vessel (PSV) at a value of more than $20m.

The DP2 Jaya Vigilant will be deployed on a long term operation in the Indian Ocean, offshore Mozambique.

The 5,000-dwt PSV is currently being upgraded with additional equipment required for the charter's work scope prior to delivery from Jaya's yard in Batam, Indonesia at the end of September 2013.

“International oil companies need increasingly versatile offshore support vessels to perform multiple tasks, especially in remote frontier locations like East Africa, where there is no spot market and only limited shore support,” said Venkatraman Sheshashayee, ceo of Jaya.

The work scope of the contract includes remotely operated vehicle (ROV) support, survey work and core sampling in water depths of up to 2,000 metres.

With the delivery of Jaya Vigilant in September, Jaya will have seven new builds remaining in its current shipyard orderbook.

TAGS: Offshore