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May 3, 2012

Kleven Maritime to build second seismic vessel for Sanco Shipping

Norway based ship owner, Sanco Shipping has exercised an option with domestic shipbuilder, Kleven Maritime to build its second seismic vessel.

Sanco Sword, Kleven Maritime

Norway-based ship owner Sanco Shipping has exercised an option with domestic shipbuilder Kleven Maritime to build its second seismic vessel.

The vessel will be named the Sanco Sword and built at Kleven Maritime’s Myklebust Verft shipyard in Norway.

Kleven Maritime CEO Ståle Rasmussen said, "For us it is of great value to establish a local cooperation also within the seismic segment."

The Sanco Sword will be the sister ship of the Sanco Swift, which was ordered earlier by the company and is scheduled for delivery in July 2013.

The vessel will be built on the ST 324 CD design provided by Skipsteknisk in Ålesund in Norway, and delivered in 2014.

Sanco Shipping managing director and CEO Ivar Slettevoll said that quality and on-time delivery is essential for the company and that Kleven Maritime is a local firm that meets the company’s requirements.

"We chose to declare the option for the second vessel because we see a continuous need for new tonnage within the seismic market"

"We chose to declare the option for the second vessel because we see a continuous need for new tonnage within the seismic market," Slettevoll said.

"The vessel is characterised by high transit speed and industry leading bollard pull, which will enable large and wide tow configurations."

"Furthermore, the vessel will be equipped with the newest engine technology that will provide safe and fuel-efficient operations for the charterer."

Dolphin Geophysical has exercised the option and signed a long term time-charter with Sanco Shipping on the Sanco Sword for an initial five-year firm period, with options to extend for an additional three two-year periods.

The Sanco Swift has a length of 96.15m, breadth of 21.5m, helideck diameter of 26m and capacity of 2,700 dwt.

Based on the same similar design, the vessel will be equipped with 14-16 seismic streamers and can accommodate 60 people.

Sanco Shipping operates a fleet of five vessels and provides services to the seismic industry.

Kleven Maritime has an order book of nine vessels worth €132m.


Image: The vessel will be built on the ST 324 CD design provided by Skipsteknisk in Ålesund in Norway. Photo:Kleven Maritime

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