Swire, Siem sign vessel bareboat charter

October 30, 2017

Swire Seabed has signed a charter with Siem Offshore for up to three years bareboat of Siem vessel Siem Stingray.

Siem Stingray, which will be re-named Seabed Stingray, is an IMR, construction and survey vessel of the VARD design. The vessel is 120.90 m in length with a deck space of 1350sq m and is equipped with a 250 tonne offshore crane. The Seabed Stingray will also have two heavy duty work class remotely operated vehicles (ROVs).

The contract will see Swire Seabed operate the vessel in the IMR, construction support and renewable sectors, with a particular focus on North European and West African markets. Siem Stingray was formerly working in the Gulf of Mexico for Subsea 7, executing the BP IMR & light construction frame agreement.

With Seabed Stingray joining the fleet in 2018 and the purchase of Seabed Constructor in early 2017, Swire Seabed has taken on two modern, high capacity light construction vessels to use as platforms for delivering complex subsea projects, the company said in a 30 October press statement.

“While the market environment remains challenging, Swire Seabed continues to invest in new technology, assets, and is increasing capacity in engineering, survey and project execution. This bareboat charter increases the scale and flexibility of Swire Seabed’s fleet and expresses our confidence in the quality of our service portfolio and the resilience of our clients in the subsea industry,” said CEO, Swire Seabed, Arvid Pettersen.

Swire Seabed’s other subsea vessels are Seabed Worker, Seabed Supporter and Seabed Constructor. These versatile and modern vessels are designed to perform a diverse range of light construction, IMR and survey work scopes in both the oil & gas and renewables sector. All vessels are equipped with heavy-duty WROVs (work ROVs) and have a track record for executing deep water projects. All three vessels are contracted for work in survey and construction projects on a long-term basis.



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