ABG Shipyard Delivers Vessel to Lamnalco Group, UAE & Deep Sea Supply ASA, Norway

ABG Shipyard Ltd has announced that the Company has delivered two vessels as per the following details:

(1) LAMNALCO MACAW

The 53 meter long 90 Tonne Bollard Pull Azimuth Drive Propulsion AHTS is able to carry out Anchor handling Towing Rescue, Offshore Supply, Transport Pipes, fresh water, diesel oil, Stores, Materials and equipment, move men and materials between platforms and shore, external fire fighting and other related duties. The vessel is to supply, support the Floating Production Offloading Storage (FPSO) vessels, offshore oil and gas field on a twenty four (24) hour per day basis.

The Lamnalco Macaw is the second vessel to be delivered to Lamnalco in this financial year. The Company has so far delivered 7 vessels, including the present one, to Lamnalco Group. Besides, the Company is building another 5 vessels for the Lamnalco group.

About the owner : Lamnalco Group, UAE

Lamnalco Group of Companies was founded in 1963 as an equal partnership between Alireza Group, one of the Arabian Peninsula's principal Arab contracting Companies and the Royal Boskalis Westminister Group and Anglo-Dutch Group of Companies providing dredging and port / terminal construction services worldwide.

Lamnalco Ltd was formed to operate the Jebel Dhanna Oil Terminal for the Abu Dhabi Petroleum Company (ADPC) from its opening in 1963 until the nationalization of the oil Company in 1978. The Fleet strength of the group is over 90 vessels.

2) SEA OTTER

The 63.4 m Long, 80 T Bollard Pull Anchor Handling Tug Supply (AHTS) Vessel with Rolls Royce propulsion is able to carry out Anchor Handling (Brattwag Deck machinery), dry bulk handling (Progressive Technique), Towing Rescue, Offshore Supply, Transport Pipes, fresh water, diesel oil, Stores, Materials and equipment, move men and materials between platforms and shore, external fire fighting and other related duties. The vessel is to supply, support the Floating Production Offloading Storage (FPSO) vessels, offshore oil and gas field on a twenty four (24) hour per day basis.

About the owner: Deep Sea Supply ASA, Norway

Deep Sea Supply Plc is an offshore supply Company. DESSC owns as per April 01, 2007 a fleet of 8 Anchor Handling Tug Supply Vessels (AHTS Vessels) and 1 Platform Supply Vessel (PSV) in operation and 20 shipbuilding contracts of which 7 Platform Supply Vessels (PSVs) and 11 AHTS vessels. The delivery of the new buildings will be in the period 2007 to 2009.

The Company intends to become one of the leading owners and operators of supply vessels on a global basis. Deep Sea Supply Plc will primarily seek to obtain and maintain a chartering profile with emphasis on the spot and short-term contract markets for the large AHTS vessels operating in the North Sea and in other areas of the world. For the PSVs and the small AHTS vessels, Deep Sea Supply Plc will seek to obtain medium to long term contracts. The Current fleet of vessels currently operates in the North Sea spot market, West Africa, West Indies and South East Asia.


Source: Equity Bulls