North Sea Giant Charter Extended by Ocean Installer
Marine construction contractor Ocean Installer has decided to extend the charter party of the North Sea Giant subsea construction vessel.
Owned by North Sea Shipping, the 2011-built vessel will now remain with Ocean Installer until the end of the first quarter of 2027.
Originally equipped with a one-year extension option, Ocean Installer and North Sea Shipping have now agreed to a new 18-month extension option for the vessel.
If the option is exercised, Ocean Installer will have the opportunity to extend the charter period until the fourth quarter of 2029.