Deep Sea Supply Announces Contract Extension for ‘Sea Bear’ Vessel (Cyprus)

Deep Sea Supply announces that the AHTS vessel “Sea Bear” has been awarded a 9 month contract extension from Melittah Gas for operations in the Mediterranean until January 2012.

“Sea Bear” will replace “Sea Cheetah” which has been working under this contract.

Deep Sea Supply Plc is an offshore supply company. The Company is owner and operator of a total of 22 Anchor Handling Tug Supply vessels and Platform Supply Vessels. The Company has a new building program consisting of four vessels. The current newbuling program will be completed within 2012.

The Company intends to become one of the leading owners and operators of supply vessels on a global basis. Deep Sea Supply Plc will primarily seek to obtain and maintain a chartering profile with emphasis on short and medium term contract markets for the large AHTS vessels. For the PSVs and the small AHTS vessels, Deep Sea Supply Plc will seek to obtain medium to long term contracts.

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Source: deepseasupply, April 12, 2011