April 2008 North Sea Market Report - Offshore Shipbrokers

SALE & PURCHASENEWBUILDLewek Shipping has ordered a 100 metre LOA designed UT 788 CDL ultra-deepwater Multi-FunctionalSupport Vessel at a cost of USD 210 million from Keppel Singmarine Pte Ltd with delivery due for latein 2010.Great Offshore has also placed an order with Keppel Singmarine Pte Ltd for a derrick pipelay vesselwith delivery due in the second quarter of 2011.Greatship Ltd has ordered two MPSVs/ROV Support Vessels from the Colombo Dockyard Ltdshipyard in Sri Lanka, with delivery due for September 2010 and January 2011CorporateTopaz Energy and Marine Ltd (Topaz) has acquired the 14 vessel strong fleet of Doha Marine Services(DMS). The transaction is valued at just over USD 124 million.Second HandAries Offshore Services AS has now taken delivery of the UT755L Island Scout. The vessel has beenrenamed Aries Scout and is available for hire on the spot market.Statesman (Blt.1976 - 9460 BHP) has been sold to Eide marine Norway on private terms. The original askingprice was USD 7,500,000.The 1973 built Dea Skipper 8,000 BHP AHTS / ERRV vessel has been sold to Dubai based MubarakMaritime on private terms.Global Industries has signed a memorandum of agreement to acquire the MT6016 Olympic Orion fromOlympic Shipping in May at an undisclosed cost.13 Rubislaw TerraceAberdeen AB10 1XETelephone No +44 (0) 1224 628788aberdeen@offshore-shipbrokers.co.uk9 – 11 Folgate StreetLondon E1 6BXTelephone No +44 (0) 207 3779774london@offshore-shipbrokers.co.uk