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GulfMark Offshore Inc to construct another three USD125m vessels to operate in North Sea.

M2 EQUITYBITES-October 4, 2011-GulfMark Offshore Inc to construct another three USD125m vessels to operate in North Sea(C)2011 M2 COMMUNICATIONS

Marine transportation company GulfMark Offshore Inc (NYSE:GLF) revealed on Monday the addition of three vessels under its August vessel construction programme, valued at USD125m, to operate in the North Sea market.

GulfMark Offshore has contracted with Rosetti Marino SpA in Ravenna, Italy to build two 715 square metre deck area platform supply vessels of the UT 755XL design. Delivery of the first vessel is scheduled for the fourth quarter of 2013, while delivery of the second vessel is scheduled for the first quarter of 2014.

The company added that it has awarded Simek A/S of Flekkefjord, Norway a contract to build the modified version of the ST-216L CD design large platform supply vessel. This vessel will be ice classed and winterised for cold climate conditions and will have over 1000 square metres of deck area and large cargo carrying capacity. Delivery is scheduled for the Q2 2013.

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Publication:M2 EquityBites (EQB)
Geographic Code:0NORT
Date:Oct 4, 2011
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