Island Dragon and Island Duchess laid upVessel & ROV News // March 11, 2016
Island Offshore has decided to lay up the platform supply vessels Island Dragon and Island Duchess with immediate effect.
Island Dragon has been on contract with Lundin Norway since it was delivered in June 2014, and will now be replaced by Island Commander. The reason for making this change is a request made by the oil company, wanting a vessel with larger deck capacity. Island Commander has now been prepared for standby duty.
“The situation in the spot market is still fragile and we cannot justify letting Island Dragon operate in this market. This means that we will have to lay her up indefinitely. As Lundin is an important customer to us, we want to be flexible to adapt to their change of needs. It is an implicit strength to be able to meet their requests," said the company's Managing Director, Håvard Ulstein.
Island Duchess has been in Las Palmas for some time, being available for jobs off the coast of Africa, but the low level of activity has made Island Offshore decide to stop offering Island Duchess and lay her up. The vessel is now in Ulsteinvik.
Island Offshore has also started discussions with employee representatives regarding workforce reductions.
Island Offshore now has four PSVs in layup, as well as three LWI vessels and one ROV/construction vessel in winter layup. Two of the LWI vessels have started to mobilize for this year’s campaign for Statoil with start-up 1 April.