Reborn Norwegian owner DOF Group has revealed two significant charter deals in booming offshore vessel markets.
The Oslo-listed company, now controlled by bondholders and banks after a debt-swap this year, said its 157-loa Skandi Acergy (built 2008) has clinched a contract with compatriot contractor Subsea 7 for a minimum of 18 months.
The charter will add revenue of between $85m and $105m.
The new term starts from the first quarter of 2025.
The large construction vessel is equipped with a 400-tonne crane and a 2,000-square-metre deck.
DOF will control two remotely operated vehicles under the contract.
The owner has also built its capacity by chartering in the 137-loa Maersk Installer (built 2017) from Denmark’s Maersk Supply Service.
The ship will join the fleet for two years from the end of March next year, with unspecified options after that.
DOF described the ship as a “state-of-the-art large construction vessel”.
It is amongst the newest and most modern subsea vessels on the market, with a 400-tonne and a 100-tonne crane, the company said.
Management deal
Earlier this month, DOF said it was taking over the management of the “high-end” 23,066-bhp anchor-handling tug supply pair Skandi Jupiter (built 2010) and Skandi Mercury (built 2009).
The super-large ships were sold by Havila Shipping to an undisclosed owner at the request of lenders.
DOF’s third-quarter net profit was NOK 285m ($26m), turning around a loss of NOK 482m in 2022.
Revenue from its 54 ships grew to NOK 3.4bn from NOK 2.85bn the year before.
The owner said markets have continued to be strong, with high tender activity.
Chief executive Mons Aase added that North Sea markets were healthy, especially for platform supply vessels.
“Petrobras is out with several tenders, and we expect the backlog in Brazil to grow further at improved rates,” he said.
Ebitda guidance for the year has been increased to between NOK 4.75bn and NOK 4.85bn, from the NOK 4.5bn to NOK 4.75bn range previously.
