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    Shell exercises option for Gargano

    Contracts, Tenders and Rates // March 14, 2003
    Seabrokers has confirmed that Shell exercised an option in February by extending theGulfMark Offshore managed PSV UT755L Gargano for another year.

    The vessel is now firm until the March 2004.

    The Gargano started with Shell in early 2002 shortly after being delivered by her builder. The Gargano is fitted with DP2 and extended accommodation, so whilst Shell normally use it for cargo duties, they have the added flexibility of being able to use the vessel for in-house or third-party DP charters, noted Seabrokers in its February Seabreeze report.

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