DeepOcean charters Active Subsea newbuilds

Contracts, Tenders and Rates - August 14, 2007

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DeepOcean has entered into charter parties for two multi-purpose subsea support vessels with†Active Subsea.

Both vessels are 73.4m long and equipped with†DP2 and an active heave compensated crane of 60 tons.

Accommodation will be up to 71 persons.

The vessels are currently under construction at the Tebma Shipyard in India.

The time charter of the first vessel commences in the first quarter of 2008 for a period of two years with a further two one year options. The vessel will be employed in Brazil on a contract to Petrobras, starting first half of 2008.

The second vessel will be delivered in the second quarter of 2008 and is being chartered on a bareboat contract for four years.

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