Contract extension for OSCVs Siem Stingray and Siem Spearfish
With reference to the notice issued January 29th 2021, GE Renewable Energy has decided to exercise the remaining options for the vessel “Siem Stingray”. The extension will see the versatile vessel further utilized into the first quarter of 2022.
The extension reconfirms that the Company plays an important role in servicing the renewable energy segment, and we are very pleased to see a key client such as GE Renewable Energy extend our professional relationship.
With reference to the notice issued April 23rd 2021, the Company is also very pleased to confirm the extension from another key client for the vessel “Siem Spearfish”. The vessel will continue to perform its current duties under subsea construction work. This extension will see the vessel employed well into the first quarter of 2022, with corresponding new options issued thereafter. This extension confirms the Company’s renowned position for servicing the Subsea segment through our advanced fleet.
The extensions are thus seen as a very positive development on the “year-on-year” utilization perspective for our OSCV fleet.