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Marine Log

March 27, 2007

VT Halter wins PSV contract

VT Halter Marine Inc. has secured a contract to build a platform supply vessel (PSV) for an undisclosed interest.

The vessel, which includes owner furnished equipment, is valued at US$23.5 million. Construction is scheduled to begin 2Q2007, with delivery planned for 4Q2008.

With dimensions of 285 ft x 64 ft x 24 ft, the vessel is designed for a deepwater working environment.

The completed vessel will accommodate 3,500 tons of deck cargo as well as large amounts of drilling fluids, diesel fuel and fresh water.