Pelican Offshore to expand fleet with four new AHTS

Vessel & ROV News - June 12, 2008

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Pelican Offshore Services Pte Ltd in Singapore (previously known as Penguin Boat International Limited), is to acquire four new anchor handlers scheduled for delivery between the fourth quarter of FY2009 and second quarter of FY2010.

Each 60m AHTS will be equipped with a pair of 3,000bhp main engines exerting a minimum bollard pull of 70 tonnes, along with two bow thrusters and one stern thruster.

Other notable features include:
- Dynamic positioning to DP2 standard
- Class 1 fire-fighting pumps
- Accommodation for 26
- 360m2 clear deck area, complete with towing pins and shark jaws
- 235m3 storage capacity for liquid mud/brine
- 295m3 storage capacity for potable water
- 500m3 storage capacity for fuel.

The vessels, to be built by an experienced offshore shipbuilder in Malaysia, will be funded partially by the proceeds of the fully drawn-down S$30-million zero-coupon convertible bond, as well as internal operating cash flow and bank borrowings.

Currently, similar DP2 AHTS in the offshore market command between US$14,000 and US$18,000 a day in charter income, depending on the work scope and duration.

The company currently owns and operates a fleet of two AHTS, four Fast Supply Intervention Vessels and one crewboat, with an additional 5,000bhp AHTS due for delivery at the end of 2008.

Commenting on the latest AHTS vessel purchase, Pelican’s Director and General Manager, Captain John Price, said: “Our latest acquisition of four DP2 AHTS demonstrates Pelican’s ability to seek out and seize good opportunities, and also affirms our status as a serious offshore vessel operator in Asia and the Middle East.”

“Our new vessels are built to support a variety of offshore activity, including ROV and diving operations,” Captain Price added. “We are currently in talks to acquire more AHTS.”


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