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    Seabulk Offshore orders newbuilds for West Africa

    News // June 25, 2004
    Expanding its presence in the growing offshore West African market, Seabulk Offshore - a subsidiary of Seabulk International - has announced that it has ordered two additional vessels for delivery in late 2004 and mid-2005, respectively.

    Built at a combined cost of approximately US$23.4 million, the new vessels will work under long-term contracts for a major international oil company in offshore Angola.

    "West Africa is our biggest market and represents more than half of Seabulk Offshore's revenue," commented Larry D. Francois, President of Seabulk Offshore. "The new vessels are a response to our customers' needs and signify our confidence in the long-term potential of this region, where we are currently the number two operator with 40 vessels."

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