Adriatic orders six at Master Boat Builders

Adriatic OSV Adriatic OSV

DECEMBER 10, 2013 — Raceland, LA-based Adriatic Marine LLC has entered into a contract with Master Boat Builders, Inc., of Mobile, AL, for the construction of six 220 ft -class DP-2 offshore supply vessels (OSVs). Construction is scheduled to begin in January 2014. Delivery of the first vessel is scheduled for the first quarter of 2015, with deliveries of the five subsequent vessels following every four months thereafter.

Adriatic Marine also currently has five 200 ft and two 260 ft DP-2 OSVs under construction at C&C Marine and Repair, LLC, of Belle Chasse, LA.

Adriatic Marine accepted delivery of the first 200 ft DP-2 vessel, the M/V Celtic, from the shipbuilder in October 2013. Deliveries of the additional seven vessels from C&C Marine are slated to continue every three months through the first quarter of 2016.

With the construction of the six 220 ft -class OSVs from Master Boat Builders and the seven remaining 200 ft to 260 ft OSVs from C&C Marine, Adriatic Marine will have a fleet of thirty DP-1/DP-2 OSVs by first quarter of 2016. They include six 205 ft OSVs former Abdon Callais vessels LLC purchased earlier this year from Abdon Callais.

Adriatic Marine's current fleet has an average age of four years, making the fleet one of the newest in the Gulf of Mexico.

Want more? Subscribe now!

News from NASDAQ