Dolphin to charter 3D seismic vessel, Sanco Sword

Source: Dolphin Group

Dolphin has exercised the option and signed a long term time-charter on the 3D seismic vessel Sanco Sword from Sanco Shipping AS, for an initial 5 year firm period with options to extend for additional 3 times 2 years.

The Vessel is the second purpose built high capacity 3D seismic vessel to be delivered from Kleven Maritime's Myklebust Yard in Norway to Sanco Shipping. She is the sister ship of Sanco Swift, also chartered by Dolphin. Sanco Sword is scheduled to be delivered from the yard in April 2014.

Atle Jacobsen, CEO commented, "Sanco Sword will be the fourth high capacity 3D seismic vessel to be operated by Dolphin and position us with one of the most modern and efficient fleets in the industry. The delivery timing of the vessel is ideal during a further strengthening of the marine seismic market"

Ivar Slettevoll, Managing Director Sanco Shipping commented, "We are pleased to further expand our good business relationship with Dolphin Group. The Sanco Sword will, as her sister ship Sanco Swift, be built by Kleven Maritime yard in Norway. The vessel is characterised by high transit speed, and industry leading bollard pull which will enable large and wide tow configurations. Furthermore, the vessel will be equipped with the newest engine technology that will provide safe and fuel efficient operations for the charterer. The Sanco Sword is fully financed and we look forward to start the building project with Kleven Maritime's Myklebust Yard"



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs