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    North Star Shipping to acquire another newbuild

    Vessel & ROV News // September 7, 2007

    The Craig Group has announced that it is to build its ninth new offshore support vessel and has signed a long-term charter with Chevron Texaco.

    This brings the number of new vessels commissioned by the group to nine since 2005 and the total investment to £100 million.

    Craig Group's division North Star Shipping has signed a deal with Chevron and Britannia that will see the new vessel on a long-term charter to the Alba and Britannia fields in the North Sea.

    The £12 million IMT 960 designed vessel, due for delivery in 2010, will be an emergency response and rescue vessel with tanker assist capabilities.

    At 60m long with a 16m beam, she will be equipped with two daughter craft and one fast rescue craft. She will have a 20 tonne towing winch and a bollard pull of 95 tonnes and be classed Fire Fighting 1.

    North Star managing director, Callum Bruce, said: “We are very pleased to have secured this long-term contract. This is a multi-role vessel with the ability to provide emergency response and rescue for more than one installation as well as having daughter craft, fire-fighting and tanker assist capabilities. With 10 years’ experience of operating this type of vessel for other major operators in the North Sea, we are delighted to be able to offer this service to Chevron and Britannia.”

    In 2005, after building two multi-purpose ROV survey vessels, The Craig Group embarked on a £40 million investment programme to modernise its North Sea fleet with the speculative build of seven new emergency response and rescue vessels.

    To date five of the new vessels have been delivered and all seven have secured long-term charters.

    Grampian Talisman and a sister vessel, the biggest vessels built by the Craig Group, were added to the newbuild programme in 2006. Grampian Talisman has already been delivered and is working on a long term charter with her sister still to be delivered in 2009.

     

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