Tasik seals DSV constitution extension with Shelf Subsea

Singapore’s Tasik Subsea has sealed an settlement with Australia’s Shelf Subsea to increase the constitution for the diving help vessel
Southern Star.

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.