Norwegian offshore services player Reach Subsea has chartered the Northern Maria and Olympic Taurus in response to increased demand. For the Northern Survey-owned Northern Maria, the charter arrangement includes a three-year firm period and two six-month options. According to Reach Subsea, it is a survey vessel with a 20-tonne crane and sufficient accommodation and deck capacity, suitable to meet the company’s client requirements within both the renewable energy and oil and gas sectors. As for the Olympic Taurus, owned by Olympic Subsea, a project charter started in January 2024 for 100 days, with the potential for extension up to an additional two two-year options. The vessel is a multipurpose offshore vessel featuring diesel-electric propulsion with low fuel consumption. The company added that both charters were subject to final approval from lenders. “With a secured backlog for upcoming project periods and long-term charter options in place, we are enhancing our capacity to capitalize on the rapidly advancing global market,” said Jostein Alendal, CEO of Reach Subsea. Last month, Reach Subsea won new contracts, contract extensions, and option exercises worth over $54.5m in the North Sea and the Americas region. Most of these contracts are starting in the first quarter and cover all parts of the company’s fleet and services. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway