Stolt Comex Seaway expands support fleet

Feb 11, 1997 01:00 AM

Stolt Comex Seaway SA (SCS) is expanding its fleet of oil and gas industry construction support ships with the addition of two new charters, one of which has a purchase option. The company said it had agreed to charter the subsea construction ship Pacific Constructor for the 1997 season with an option to purchase. The vessel will initially be used to meet contract commitments in the Middle East and West Africa. If the purchase option is exercised it will be relocated to the Gulf of Mexico.
The Toisa Puma has been chartered for 1997 with options to extend for work in the North Sea on diverless subsea construction and survey contracts. The ship is required to meet contracted work obligations in addition to the Seaway Commander and Seaway Surveyor, which Stolt Comex Seaway has on long-term charter in the North Sea with options to extend until 1999 and 2002 respectively. SCS chief executive officer Bernard Vossier said in a statement: "The addition of these two ships is in response to increased market demand and a tightening supply of quality ships.

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