DOF charters in PSV from Vard for Chevron job

SEPTEMBER 22, 2015 — As Storebø, Norway, headquartered DOF ASA is in the enviable position of currently having no PSVs available, it is bareboat chartering in a vessel from shipbuilder Vard for a 4 + 4 month contract just agreed with Chevron in Australia by subsidiary DOF Management Pte.

The vessel, now named Skandi Responder, is a VARD 1 08 design platform supply vessel. According to Vard it is the first of two vessels whose original shipbuilding contracts were terminated earlier this year. It has now been delivered from the Vard Vung Tau shipyard in Vietnam and sold to Vard Shipholding Singapore Pte. Ltd., a newly established wholly-owned subsidiary of Vard Holdings.

Vard says that it continues to explore opportunities for a sale of the vessel. The second PSV whose contract was terminated is still under construction at Vard Vung Tau, with an expected completion date in second quarter 2016.

Vard CEO and Executive Director Roy Reite commented, “I am delighted that together with our long-term client DOF, we have found a solution that secures employment for this vessel following completion at the yard in Vung Tau. Securing this charter in today’s difficult market is proof of the attractiveness of Vard-built vessels for some of the most demanding jobs in the offshore industry, and I am confident that successfully operating it in Australia will increase our chances for a sale.”

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