Bibby Offshore extends charter agreement for Bibby Topaz
ABERDEEN, Scotland -- Bibby Offshore has announced the long-term extension to the charter of its dive-support vessel (DSV) Bibby Topaz, owned by Volstad Maritime.
The terms and conditions of the extended charter arrangement have been adjusted to reflect the current market environment and are now based on a more mutual sharing of risk and reward.
This charter extension allows Bibby Offshore to maintain and grow the Group’s market share in the North Sea DSV market. As one of the premier DSVs in the North Sea, the Bibby Topaz has been a core part of Bibby Offshore’s fleet since its delivery in 2008, and has been identified as the best technical and commercial option for the Group.
The new contract sees Bibby Offshore secure exclusive and uninterrupted access to this asset until Dec. 31, 2019, with flexible options to further extend the charter to the end of 2024.
