Pacific Radiance Group has exercised options for two additional ULSTEIN’s PSV designs.
In September 2013, Pacific Radiance Group announced the order for two platform supply vessels of the ULSTEIN PX121 design for construction at Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS Offshore).
The contract included options for two more vessels, and the options are now declared.
In addition to PSV duties, the vessels for Pacific Radiance Group are also prepared with increased accommodation and provisions for crane and ROV installation, which give the vessels the opportunity to trade in the IMR market.
The two vessels are scheduled for delivery in Q4 2015.
[mappress] ulstein, March 18, 2014