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North Sea PSV contracts abound in April for owners

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Havila Borg web only.jpgHavila Borg was chartered by Peterson for work in the Dutch sector (source: Havila)

Vessel owners secured term contracts for platform supply vessels (PSVs) in April as energy companies secured assets to cover field developments and drilling commitments during a period of rising rates and shortening supply

BP chartered 2011-built Vestland Artemis for five years and Solvik Supplier for four years from Vestland Offshore to supply its production facilities and drilling rigs in the UK sector.

Havila Shipping reported extensions to contracts for its PSVsHavila Borg and Havila Fanø in April. Petersen has chartered Havila Borg for 150 days, starting 5 April, in direct continuation of the existing contract to keep it working in the Dutch sector.

TotalEnergies charteredHavila Fanø for three months to the end of June 2024 to support its operations in Denmark. Havila said day rates for both contracts were fixed according to current market prices.

Golden Energy Offshore Services won contracts for 2016-built, Ulstein PX121H design Energy Partner, 2005-built, ST 216 L designEnergy Swan and 2015-built, Ulstein PX121 designEnergy Pace.

All three were hired on short-term contracts by international charterers with a combined total of 380 firm vessel days and a value of US$10.8M, with average rates of US$28,000 per day.

The charterers have options to use these vessels for another 380 days at an average day rate exceeding US$28,600. If these options are exercised, the total contract value would amount to US$21.7M.

Tidewater gained a charter from Belgian marine contractor DEME for a pair of PSVs supporting subsea installation work. 2011-builtTroms Capella and 2005-built Skipper Tide were fixed for 180 days each, starting in June 2024, with extension options. Neptune Energy chartered 2013-built PSV Troms Lyra for four months at about $25,000 per day in March.

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