Subsea installation contractor Bibby Offshore has reported a three-year bareboat charter agreement with Solstad Offshore Asia Pacific Ltd for the NOR Spring, a DP2 (Dynamic Positioning) Anchor Handling Support Vessel (AHSV).
The deal has been struck by Bibby Offshore’s Singapore operation, Bibby Offshore Singapore Pte Ltd. The NOR Spring represents a multi-million dollar investment by Bibby Offshore and becomes the fifth vessel in the fleet.
The NOR Spring is currently completing ROV support operations for an EPIC contractor in Papua New Guinea and is expected back in Singapore by the end of April. The vessel will then undergo planned maintenance before Bibby Offshore, with vessel manager Bibby Ship Management Ltd, takes delivery of the ship later in May.