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    North Star Shipping invests in PSV

    Vessel & ROV News // March 21, 2006

    North Star's new IMT 879 will go straight into a charter with Talisman.

    North Star Shipping , part of the Craig Group, has announced that it is to invest a further £12 million in its fleet of support vessels and has signed a contract with Astillerios Balenciaga shipyard in Spain for a 78.2m PSV.

    The new PSV, which is due to be delivered in 2007, will go straight into a long-term charter with Talisman Energy UK Limited, which has awarded North Star Shipping a five year charter for the vessel with multiple options.
    The new PSV is designed by IMT, with whom the company has a longstanding relationship, is designed the IMT 978, and will be 78.2m in length with a breadth of 17m and 740m2 deck.

    Intended as a PSV, the vessel will also be capable of meeting the requirements of a 300 Class ERRV and be capable of carrying daughter craft.


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