Volstad Gains Financing for New Subsea Construction Vessel

volstad shipping ST-259 construction vessel

Volstad Shipping has announced today they have secured the required financing to execute the previously announced construction contract for a new 128-meter offshore construction and subsea IMR vessel at Tersan shipyard in Turkey.  The vessel is a Skipsteknisk ST-259 design and will be built at a total contract value of approximately USD $130 million.

st-259 skipsteknisk
ST-259 design, rendering courtesy Skipsteknisk

Volstad notes that this new DP-3 equipped vessel is designed for arctic use and includes ROV moonpools, de- icing as well as a 300 ton offshore crane and accommodations for 120.

Vessel particulars

Length over all   127.75 m
Length between p.p.  114.60 m
Breadth moulded  25.00 m
Depth to 2nd deck  10.80 m
Max draft  approx. 7.50 m
DWT at SWL / 7.50 m  approx. 7500 tons
Deck area aft of hangar   1650 m2

Vessel delivery is planed for Q4 2015.