Singapore’s Tasik Subsea has sealed an settlement with Australia’s Shelf Subsea to increase the constitution for the diving help vessel
The deal for the Fujian Mawei-built ship which went on a five-year bareboat constitution with Shelf final yr now contains additional multi-year extensions.
Southern Star has been contracted with Shelf Subsea since Might 2019. The vessel was made out there after Fugro terminated a six-year constitution for the vessel lower than two years into the contract. The Dutch firm was later ordered to pay $26.8m compensation to Tasik by an arbitration tribunal.
The 2017-built unit is the primary vessel within the Asia Pacific area to have twin SPHLs and DP III functionality.