Craig Group invests in four more ERRVsVessel & ROV News // August 3, 2010
Craig Group is investing in four more IMT-designed ERRVs.
The Craig Group in the UK has announced a multi million pound investment in four new emergency response and rescue vessels (ERRVs). It is anticipated that the new vessels have the potential to create an additional 120 jobs in the North Sea marine industry.
Managed by North Star Shipping, a division of the Craig Group, the new vessels have been earmarked to replace older tonnage. The investment also represents a continued drive by the Group to operate the largest British wholly-owned fleet engaged in the UK offshore industry. It also reflects a confidence in the continued growth of the business and consolidates previous investments in the fleet over the last seven years.
This latest announcement is in addition to the £130 million investment programme by Craig Group, which began in 2003 and will have delivered 16 new vessels by the end of 2010.
Scheduled for delivery in the next two years, the four ERRVs will be built at the Balenciaga Shipyard, Northern Spain. The Balenciaga Shipyard has previously delivered 12 vessels to North Star Shipping, with three of these currently under construction.
At present the fleet stands at 30 vessels and includes a mix of offshore support, ROV survey and ERRVs.
The four new ERRVs will be designated NSS-IMT 950s and each will be equipped with one or two daughter craft and one fast rescue craft.
Douglas Craig, chairman and managing director of Craig Group said: “Our continued commitment to the expansion and ongoing modernisation of the fleet reinforces our strategy of providing clients with a service based on safety and quality. The creation of more than 100 jobs in the UKCS marine sector is welcome news for the wider industry.”
North Star managing director, Callum Bruce, said: “Our core market continues to be buoyant and we are meeting the needs of our customers by providing the most modern emergency response and rescue vessels, fitted with the latest technology. These new vessels will exceed our customers’ expectations in terms of safety, operability and efficiency.”