Deep Sea Supply Company News

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Norwegian Firms to Create Offshore Oil Industry Supply Vessels Giant
Monday, February 06, 2017Hit by the oil industry recession, Norwegian offshore service vessel (OSV) operators Farstad Shipping, Deep Sea Supply and Solstad Offshore announce plans to merge to counter the downturn.

Deep Sea Supply Scores Charter Contracts for AHTS Vessels
Tuesday, April 26, 2011Deep Sea Supply announced it has been awarded time charter contracts for its AHTS vessels.

Deep Sea Supply Takes Delivery of Newbuilding
Thursday, January 13, 2011Deep Sea Supply has taken delivery of Sea Fox, a newbuilding AHTS from ABG Shipyard, India.

Deep Sea Supply Awarded Additional Petrobras Contracts
Monday, September 27, 2010Deep Sea Supply has been awarded long term contracts with Petrobras for 3 PSVs of UT 755L design for operations in Brazil.

Deep Sea Supply Waves Goodbye to Director
Wednesday, August 18, 2010Director of Deep Sea Supply, Bjorn Giaever, has left the Board of the Company.

Deep Sea Supply Snags Contracts in Brazil
Thursday, June 10, 2010Deep Sea announced that the vessels Sea Bass and Sea Halibut have been awarded 4 years time charter contracts with Petrobras.

Petrobras Contracts Deep Sea Supply's Vessels
Tuesday, March 09, 2010Deep Sea Supply announced that the vessels Sea Otter and Sea Marten have been awarded 3 years time charter contracts with Petrobras for operations in Brazil.

Deep Sea Supply Selects New CFO
Thursday, January 21, 2010Deep Sea Supply has appointed Espen Skadal as its new Chief Financial Officer.

Deep Sea Supply Posts Increased Revenues for Third Quarter '09
Wednesday, November 11, 2009Deep Sea Supply's revenues increased to US $137.3 million or an increase of 2.5% compared to the same period last year.

Jaya Delivers Sea Eagle 1 AHTS Vessel to Deep Sea Supply
Monday, April 20, 2009Deep Sea Supply reported that the "Sea Eagle 1" AHTS vessel was delivered from Jaya Shipbuilding & Engineering in Singapore.

Deep Sea Supply Nixes Newbuilding Contract with Jaya
Tuesday, March 03, 2009Deep Sea Supply has cancelled the contract with Jaya Shipbuilding and Engineering pursuant to which Deep Sea Supply was to take delivery of the Sea Hawk 1 newbuilding.

Deep Sea Supply Reels in Highest Ever Earnings
Thursday, February 26, 2009Cyprus-registered Deep Sea Supply has reported the highest revenue earnings and EBITDA in the company's history for the fourth quarter and full year 2008.

Jaya Shipbuilding Resets Delivery Date for Sea Hawk 1 AHTS
Friday, February 06, 2009The newbuilding AHTS "Sea Hawk 1" was originally scheduled for delivery in January, however, due to a defect, the expected delivery date is now July.

Deep Sea Supply Gets Time Charter LOI for 2 AHTS Vessels
Wednesday, January 28, 2009Deep Sea Supply has received a Letter of Intent for a time charter for the AHTS vessels "Sea Ocelot" and "Sea Eagle 1" with an oil major for operations in South East Asia.

Deep Sea Supply, Eni Oil de Brasil Enter LOI for AHTS Vessel Sea Bear
Wednesday, January 14, 2009Deep Sea Supply has received a Letter of Intent from ENI for a time charter of a period of 150 days plus options for the AHTS vessel Sea Bear or a sister vessel.

SCAN Rejects Deep Sea Supply's Payment Claim for 3 Newbuilds
Monday, January 12, 2009Reference is made to a contract entered into between Deep Sea Suply Management and SCAN Geophysical on June 2, 2006 for acquiring three of its shipbuilding contracts with ABG Shipyard in India.

Deep Sea Supply Takes Delivery of Sea Witch Newbuilding PSV
Wednesday, December 17, 2008Deep Sea Supply has taken delivery of the Sea Witch, a newbuilding PSV from Cochin Shipyard in India. The vessel is a UT 755L Platform Supply Vessel delivered ahead of schedule and on budget.

Deep Sea Supply Banks 3Q Total Revenues of $134MM
Thursday, November 06, 2008Deep Sea Supply has noted that in 3Q08 the market for Offshore Supply vessels was very good. The strong market combined with good cost control resulted in very strong financials for the company.

Deep Sea Supply Takes Delivery of Sea Lion New Build
Tuesday, November 04, 2008Deep Sea Supply has taken delivery of "Sea Lion," a newbuilding AHTS from Havyard Leirvik AS.

Sea Panther Sets Sail for Repsol's Mediterranean Ops
Friday, October 24, 2008Deep Sea Supply has entered into a time charter for the AHTS Sea Panther with Repsol for operations in the Mediterranean, and has also contracted with Petronas for the vessels Sea Leopard and Sea Wolf 1.

Deep Sea Enters 1-1 Charter Contract for Sea Witch
Thursday, September 18, 2008Deep Sea Supply entered a 1 option 1 year charter contract for the Platform Supply Vessel, "Sea Witch," which is slated for delivery on December 10, 2008.

Deep Sea Inks Charter Contract with Eni for Sea Halibut
Thursday, July 03, 2008Deep Sea Supply has entered a 1 year firm time Charter contract with ENI North Africa, valued at Euro 6.9 million, for the Sea Halibut, which will operate in Libya.

Deep Sea Enters into Contract with ENI North Africa
Thursday, June 26, 2008Deep Sea Supply announced that they have entered a 1-year charter contract for the AHTS vessel Sea Jaguar.

Special Delivery: Deep Sea Receives AHTS
Wednesday, May 14, 2008Deep Sea Supply has received delivery of Sea Wolverine, a newbuilding Anchor Handling Tug Supply vessel (AHTS)from ABG Shipyard, India.

Deep Sea Supply Enters 2 Time Charters with Esso Exploration
Wednesday, May 07, 2008Deep Sea Supply has entered into two time charters with Esso Exploration Inc. for the PSVs Sea Pollock and Sea Turbot.

Deep Sea Supply Sells Sea Wolverine
Friday, May 02, 2008Deep Sea Supply has entered an agreement with TMM, Mexico regarding a sale of the newbuilding AHTS vessel Sea Wolverine.

Deep Sea Supply Takes Delivery of Sea Pollock
Wednesday, April 30, 2008The vessel is a UT 755L Platform Supply Vessel, and the vessel was delivered on time and budget.

Deep Sea Supply PSV Newbuild Complete
Friday, January 18, 2008The Sea Bass, a newly built platform supply vessel, has traveled from Cochin Shipyard, India, to Deep Sea Supply. A UT 755L PSV, the vessel was delivered on time and budget. It will go directly to Libya for a two-year charter with ENI Libya.

Ship Finance Sells Supply Vessel to Deep Sea for $29 Million
Monday, December 17, 2007Ship Finance International Limited has agreed to sell the offshore supply vessel Sea Trout to Deep Sea Supply for U.S. $29 million.

Deep Sea Reports Strong Growth in 3Q 2007
Wednesday, November 07, 2007Deep Sea reports another strong quarter with revenues up to US$39 million.

Deep Sea Enters Sales and Leaseback Transaction for two OSVs
Wednesday, November 07, 2007Deep Sea Supply has entered heads of agreement for another sale and leaseback transaction with Ship Finance International Limited for two of its offshore supply vessels.

Deep Sea Supply Takes Delivery of PSV Sea Pike
Thursday, October 11, 2007Deep Sea Supply has taken delivery of the "Sea Pike", a UT 755L Platform Supply Vessel, the fourth of 8 PSV newbuilds from Cochin Shipyard in India.

Deep Sea Supply Takes Delivery of Sea Ocelot
Monday, October 01, 2007 Sea Ocelot (a 10,800 BHP AHTS-vessel) has been delivered to Deep Sea Supply for a 1-year firm bareboat charter agreement with owners Java marine Lines Pte Ltd, and in addition secured a purchase option at the end of the 1-year BB charter.

Deep Sea Supply to Acquire Three Newbuilds
Monday, September 10, 2007Deep Sea Supply has entered into agreements for acquisition of three newbuilding contracts, one Platform Supply vessel and two AHTS-vessels.

Deep Sea Supply in Sale & Leaseback Deal with Ship Finance
Thursday, September 06, 2007Deep Sea Supply has completed the sale and leaseback transaction with Ship Finance International Limited for 4 of 5 offshore supply vessels.

Deep Sea Takes Delivery of Another Newbuild 'Sea Otter'
Friday, August 17, 2007Deep Sea Supply has taken delivery of "Sea Otter", a 6,500 BHP AHTS-vessel from ABG shipyard in India.

Deep Sea Supply in Sale & Leaseback for Five OSVs
Friday, August 10, 2007Deep Sea Supply has entered heads of agreement for a sale and leaseback transaction with Ship Finance International Limited for five of its offshore supply vessels.

Deep Sea Supply Takes Delivery of Sea Angler PSV
Thursday, July 19, 2007Deep Sea Supply has taken delivery of the third in a series of eight platform supply vessel newbuilds from Cochin Shipyard in India.

Petro-Canada Charters Two AHTS Vessels from Deep Sea Supply
Thursday, May 31, 2007Deep Sea Supply has entered into new charters with Petro-Canada Trinidad & Tobago Limited for the AHTS Vessels "Sea Wolf" and "Sea Panther."

Deep Sea Supply Announces Long-term Charters
Monday, May 07, 2007Deep Sea Supply has obtained long-term time charters for three of its newbuildings.

Tidewater Posts Higher Earnings for Q4, Full Year
Thursday, April 26, 2007Tidewater Inc. on Thursday announced fourth quarter net earnings for the period ended March 31, 2007, of $87.6 million, or $1.56 per share, on revenues of $293.5 million.

Total Charters 'Sea Halibut' PSV
Tuesday, March 13, 2007Deep Sea Supply has entered into a new charter with Total E & P Congo for "Sea Halibut"--the second PSV vessel delivered from Cochin Shipyard--for a period of 6 months (plus option of 3 + 3 months) from April 26, 2007.

Deep Sea Delivers, Charters Its First Newbuilding AHTS from Jaya Shipyard
Thursday, January 25, 2007Deep Sea Supply said that its first large Anchor Handling Tug Supply (AHTS) vessel, "Sea Cheetah," is scheduled for delivery from Jaya Shipyard in Singapore on 8 February 2007.