Deep Sea Supply secured an extension of two time charter contracts with BP Egypt.
Platform supply vessels Sea Spear and Sea Spark have been awarded a one-year extension of their charter contracts, scheduled to begin upon ending the current firm period in July 2017. Both are of the Ulstein PX 105 design and were built in 2014 and 2013, respectively.
Both vessels started operations for BP in Egypt in July 2016 on a one-year firm and one-year option contract. Following this extension, both vessels are now firm until July 2018.
Last month, Deep Sea Supply, Solstad Offshore, and Farstad Shipping approved and signed a plan to merge. The agreement was first announced in February.
(Source: Offshore Magazine)