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    Nordcapital exercises option

    Vessel & ROV News // May 9, 2006

    LR Fairplay reports that ERCK Rickmers’ Nordcapital Holding has exercised an option for two more PSVs at Norway's Aker Yards on top of four firm orders placed one month ago.

    The vessels of the UT 755 LN-type are to be built at Aker’s site in Alesund. Delivery of the ships will take place from autumn 2007 onwards.

    Rickmers revealed that the six-ship series has been contracted on spec; a chartering strategy is yet to be determined. “We have not yet decided whether we will arrange a placing in the KG market or keep the vessels on our own book,” Rickmers pointed out.

     “The risks associated with these ships might be too much for the average private investor,” he continued.


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