New ROV Subsea Support Vessel for Fugro

Fugro has signed a long term charter agreement (with a purchase option per 2013) with E Forland Shipowners for a new-build ROV offshore construction and subsea support vessel. The vessel will be delivered in February 2008 and is largely based on the same design as the earlier announced new seismic vessel 'Geo Celtic', which has been chartered for the long term by Fugro.

The new vessel, named 'Fugro Saltire', will enhance Fugro's ROVSV fleet and allow it to provide a wider range of subsea support and inspection, repair and maintenance services to its clients. With a length of 110 meters and a 150 ton heave compensated crane, the vessel will be equipped with minimum two of Fugro's next generation FCV3000 ROVs with state of the art positioning, construction support, and inspection survey technology.

Following the recent commitments to new-build ROVs, the agreement for this vessel is in line with Fugro's intent to grow its position in the ROV and subsea support industry. The vessel is designed to operate worldwide through Fugro's worldwide network of operating companies and will meet the highest safety and environmental standards.