- Reach Subsea ASA and reinforce its capabilities to meet the demand in the subsea services market.
- The comprehensive service portfolio caters to renewables and oil & gas sectors.
- Sustainable access to ocean space underscores commitment to sustainable solutions.
Reach Subsea ASA, a leading provider of ocean data and services, reinforces its capabilities to meet the rising demand in the subsea services market, reports Reach Subsea.
Charter Arrangements
Northern Maria
Secured a charter for the versatile survey vessel Northern Maria, featuring a 20-ton crane, ample accommodation, and deck capacity.
Charter includes a 3-year firm period with 6+6 months options.
Targeting increased market share in early-stage survey projects for offshore wind and subsea inspection campaigns.
Olympic Taurus
Commenced a project charter for the Multipurpose Offshore Vessel, Olympic Taurus, known for its low fuel consumption and flexibility.
Charter began in January 2024 for a 100-day duration, extendable up to an additional 2+2 years.
Equipped with diesel-electric propulsion, helideck, and AHC crane, ideal for IMR/LCV segments.
Future Prospects
Both charters are subject to final approval from lenders.
Secured backlog and long-term charter options position Reach Subsea to capitalize on the growing global market.
The comprehensive service portfolio caters to renewables and oil & gas sectors.
About Reach Subsea ASA
Offers high-quality solutions and technology for ocean data and services.
Operates from headquarters in Haugesund and subsidiaries across Norway, the US, UK, Cyprus, Singapore, Trinidad Brazil, and Australia.
Vision “Sustainable access to ocean space” underscores commitment to sustainable solutions and stakeholder interests.
Disclosure Information
This announcement complies with the EU Market Abuse Regulation (MAR) and the Norwegian Securities Trading Act.
Published by Jorunn Håvardsholm, Marketing and Communications Manager at Reach Subsea ASA.
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Source: Reach Subsea
