The UK's CTC Marine Projects Ltd., a subsidiary of Norway-based DeepOcean ASA, successfully negotiated extensions to its charter agreements with the AP Moller-Maersk Group for four DP2 class multi-purpose vessels in its fleet.
Supporting CTC's subsea trenching and flex-lay operations, the two 'R' class vessels, Maersk Responder and Maersk Recorder, and the two 'A' class vessels, Maersk Assister and Maersk Advancer, will be on charter to CTC Marine until the first quarter of 2011, with two additional one-year options on each of the 'R' class vessels to 2013.
The two 'R' class vessels will continue to provide support for the company's general trenching and flex-lay projects, and the two 'A' class vessels will provide trenching project and general construction support. Guaranteed utilization was extended from a minimum number of days per year to 365 days per year for the Maersk Responder, the Maersk Recorder and the Maersk Assister. The Maersk Advancer continues to be available in accordance with advanced scheduling requirements.
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