Maersk Supply acquires Subsea Support Vessel

Rem Forza Rem Forza

DECEMBER 21, 2015 — Lyngby, Denmark, headquartered Maersk Supply Service reports that it has acquired the high spec multi purpose Subsea Support Vessel, Rem Forza, from Rem Offshore ASA.

The MT 6022 design vessel, built in 2008 by Norwegian shipbuilder Kleven Verft A/S, features three work class ROV's, a high-load capacity deck, and a Hydramarine main crane with a lifting capacity of 250 tonnes and a wire of 2,450 m. The vessel accommodates up to 120 people, and has a low fuel consumption thanks to its diesel electric power plant.

Rem Offshore ASA said that delivery of the vessel will take place shortly and that the sale will give it a booked profit, and net cash of approx. NOK 200 mill after repayment of debt.

The vessel is presently on a long term charter agreement with DeepOcean Shipping AS. The work scope involves subsea tree and jumper installation in up to 2,000 m water depth. Maersk Supply Service will take over this charter agreement including the option for extensions.

"Being part of a group with a strong balance sheet allows us to take advantage of the opportunities arising in the industry," says Maersk Supply Service CEO Jørn Madsen. "This acquisition of a quality asset is fully in line with our strategic ambition of growing our subsea fleet and at the same time adds contract coverage during a period of market downturn. The work scope is well related to our area of expertise, and we look forward to working with our long-term customer, DeepOcean, on this operation."

"Maersk and DeepOcean have a long and successful track record of cooperation on vessel charters, including the most recent long term charter agreement for the new-build Maersk Connector," says DeepOcean Commercial Director Henk van den Ijssel. "This seven-year agreement for a market leading 7,000 t capacity cable installation vessel, arriving first quarter 2016 and already three contracts secured, shows a dedicated long term commitment from both companies.

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