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    Recent newbuilding news

    Vessel & ROV News // June 24, 2002
    Offshore Shipbrokers Ltd (OSL) rep[orts that SBS Marine have taken up their option to confirm the order of a second VS470 MkII PSV for delivery in Norway in October 2003. The first vessel will be named SBS Nimbus is for delivery in April 2003.

    Island Offshore takes over contracts for the two newbuilding AHTS of the UT722L due fordelivery from Langsten Slip and Batbyggeri AS in January and March 2003. Contract value isNOK 650 million.

    Tidewater has placed a $45 million contract with Bollinger Shipyards in the US for four offshoresupply vessels.

    Farstad Shipping AS has - through its wholly owned subsidiary Farstad Supply AS - ordered aUT755L from Brevik Construction AS for delivery in July 2003.

    International Offshore Services ANS (IOS), the 50/50 joint venture between Farstad ShippingASA and P & O Australia, has entered into an agreement to purchase a platform supplyvessel, design UT 755L, from Consensus Foss KS (Det Nordenfjeldske Dampskipsselskap).The vessel is under construction at Aker Brattvaag. IOS will formally take over the vesselimmediately after delivery from the yard in December 2002.

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