In addition, the average utilisation in the third quarter was 36% for the AHTS
fleet and nil for the PSV fleet, as compared with 65% and nil, respectively, in the third quarter 2016.
This is Logindo's second purchase of an AHTS
vessel this year, having acquired another one in February for $17 million.
Earlier in the year, Topaz Marine Saudi Arabia, a joint-venture with Saudi-based Gentas, was awarded a three-year, $88 million charter for six AHTS
vessels by Saudi Aramco.
In particular, the new orders of AHTS
in 2007 hit the record high of 362 vessels, while the figure in 2008 dropped to 201 units due to the oversupply.
The vessel was built at Drydocks World's Singapore facility and has broken the world bollard pull record by an AHTS
The average fixture rate in Q1 was USD36,400 for the AHTS
fleet and nil for the PSV fleet, as compared with USD63,600 and USD6,200, respectively, in Q1 2016.
The fleet covers large AHTS
vessels, platform supply vessels, multipurpose field and remotely operated vehicles (ROV) Support Vessel and even offshore subsea construction vessels designed to address the most challenging environments.
According to MBC Chairman, Lester Peteni: "Demand for anchor handling tugs around Southern Africa, in particular South Africa, Namibia and Mozambique, continues to grow and this has given MBC and its partners the confidence to order a second AHTS
vessel only three months after ordering the first.
Upon delivery, the two 240-foot KMAR 404 AHTS
vessels began term contracts at attractive day rates averaging $23,000 per day.
Under these contracts, ConocoPhillips Australia Exploration has issued a LOI to the AHTS
Far Sirius (2014, UT 731 CD, 24,371 BHP) and the AHTS
Far Saracen (2010, UT 731 CD, 23,664 BHP) to support its upcoming Barossa drilling campaign.
Ballast water treatment (BWT) specialist Optimarin's Optimarin Ballast System (OBS) has been selected for nine Sinopacific Shipbuilding Group AHTS
The new construction contracts are for two 15,000 bhp AHTS
vessels at a total cost of approximately (pound)31.