Subsea 7 sells DSV Aquamarine to Bibby LineNews // July 4, 2003
An agreement has been reached whereby Subsea 7 will charter back the vessel for a period of 150 days to fulfill ongoing contracts and is in dialogue with Bibby Offshore Ltd regarding further opportunities.
Subsea 7 is working with the purchaser to provide continuity of work for the crew and offshore employees currently assigned to the vessel.
John Smith, chief executive officer of Subsea 7 said: "This arrangement will provide a more flexible arrangement for the vessel allowing Subsea 7 to focus and strengthen its position in the key strategic subsea markets."
The Aquamarine is currently in Grimsby mobilising for inspection, repair and maintenance work for Shell Southern North Sea.