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CARBON TAX ON BUNKER FUEL
IMO is looking at a global levy (tax) on marine fuels. Do you think this is

a really good idea
an unfortunate necessity
a bad idea
a really bad idea

Marine Log

July 15, 2008

Island Offshore back at Aker Yards

Island Offshore, in which Edison Chouest Offshore is a partner, has placed a contract with Aker Yards for construction of a well intervention vessel. It will be based on the same design as Island Wellserver, delivered earlier this year, upgraded with increased length, engine capacity, thruster capacity and topside capacity.

The vessel is equipped for operations in the North Sea market and world wide.

The value of the contract is approximately NOK 1.2 billion (about $237 million) including equipment supplied by the owners. The vessel is scheduled for delivery in the third quarter of 2011.

President of Aker Yards' business area Offshore & Specialized Vessels, Roy Reite comments: "I am very pleased that Island Offshore again has placed a new building contract with Aker Yards. We delivered the second well intervention vessel to Island Offshore some months ago, and we are looking forward to build the third and upgraded vessel. We have delivered more than 20 vessels to Island Offshore, and we appreciate the excellent cooperation with this innovative client."

Island Offshore is a front runner in the well intervention market, with its competence and experience of well intervention service.

The new vessel will be of Rolls-Royce UT 767 CDL design, and will be built at Aker Yards in Norway. It will have a length OA of 130. 3 m. length BP of 116.9 m and molded breadth of 25m. It will have accommodations for 97 persons.


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