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August 17, 2007 Deep Sea Supply takes delivery of AHTS newbuild Deep Sea Supply (Oslo:DESSC) has taken delivery of SEA OTTER, a 63 m, 6,500 BHP AHTS-vessel from ABG shipyard in India. The vessel will go directly to Indonesia for a four months time charter with Conoco Philips at a rate of $17,500 per day or equal to an estimated value of $2.1 million SEA OTTER is the first of nine AHTS newbuildings for the company from ABG Shipyard in India, and the sixth newbuilding delivered to Deep Sea Supply this year. A previously announced contract for the vessel SEA WOLVERINE with Swiber at $15,000/day has been canceled. SEA WOLVERINE is the next vessel to be delivered to the company from ABG Shipyard. It will be converted to a DP1 vessel and, due that conversion, the agreed delivery date has been pushed back to to December 2007 rather than September as previously announced.
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