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New Wave Media

January 31, 2014

Ocean Installer Reaches Safety Milestone

Less than two years after Ocean Installer’s first vessel went into offshore operations, Ocean Installer can mark 1,000 vessel days completed.

In May 2012, Ocean Installer entered into offshore operations, with the company’s first long-term chartered vessel, Normand Clipper. On January 23, about 20 months later, Ocean Installer could mark a significant operational milestone, as the company reached 1,000 executed vessel days, including Ocean Installer operated and subcontracted vessels.

Following 96% utilization for Normand Clipper during 2012, Ocean Installer’s second long-term chartered vessel, Normand Mermaid, has seen 100% utilization from the commencing of the charter in March 2013 till today.

With 1,000 executed vessel days, Ocean Installer has established a solid offshore track record in less than two years. Moreover, I am very satisfied with the HSEQ record we have obtained over this period, having reached our goal of 0 LTI (Lost Time Injury), said Steinar Riise, CEO of Ocean Installer.

Ocean Installer has executed offshore operations on the NCS and the UKCS and has recently also introduced a vessel in the Gulf of Mexico for the North Sea winter season. The company has at present two construction support vessels (CSV) operational on long-term charters: Normand Clipper and Normand Mermaid. A third CSV, in which Ocean Installer has ownership, is under construction and is to be delivered in Q2 2014.

Ocean InstallerNormand ClipperSteinar Riise
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