DIVING EQUIPMENT & UNDERWATER SERVICES
SBM Offshore Buys SBM Installer Vessel to Sell It Easier
Dutch FPSO leasing company SBM Offshore has agreed to take full control of the diving support and construction vessel (DSCV) SBM Installer so it can sell it easier.
The vessel is owned by OS Installer, a JV company in which SBM Offshore has a 25% stake, with Ocean Yield owning the remaining 75%.
The Ocean Installer DSCV is on a long-term charter with SBM Offshore, with a contract ending in 2026.
SBM Offshore said it had agreed to pay US$30 million in cash to Ocean Yield for the remaining 75% stake in the vessel.
"The vessel operates in a non-core market for the company. In order to gain the flexibility required to divest the vessel, the company will acquire the remaining 75% equity ownership in OSI," SBM Offshore, whose core activity is floating production business, said.
The transaction is expected to close around the end of the third quarter.
In its recent quarterly report, SBM Offshore said that due to the significantly deteriorated outlook in the offshore support vessel market, the company had impaired the remaining book value of the right-of-use asset and other related fixed assets associated with the SBM Installer vessel for a total of US$57 million.
In 2014, SBM Offshore sold the DSCV SBM Installer to OS Installer AS for US$150 million in cash and agreed to charter it for 12 years.
The DSCV SBM Installer is based on the MT-6024 design from Marin Teknikk in Norway. It was built by Keppel Singmarine in Singapore in 2013.
The vessel is currently moored in Las Palmas.
Fugro’s Major Upgrade to LADS Technology Improves Hydrographic Data Collection in
Australia and Pacific Region Fugro has successfully trialled a major upgrade to their Fugro LADS airborne lidar bathymetry (ALB) system. The enhanced LADS HD+ technology was developed in Fugro’s laser laboratory in Adelaide, Australia, and is a sophisticated hydrographic mapping system that accurately measures water depth over both the marine and coastal zone environments.
The new advances to the system have doubled the laser speed and the swath width and improved the object detection of the system, greatly increasing data collection efficiency for nautical charting. The system builds upon the proven Australian-
developed LADS technology and has been designed for safe, high-speed and cost-effective surveys of clean, shallow coastal areas in depths up to 80 m. ALB can be integrated with traditional hydrographic survey methods using acoustics, such as multibeam echosounders (MBES), to support nautical charting and coastal zone management. This development will also complement Fugro’s lightweight Rapid Airborne Multibeam Mapping System (RAMMS), which can be operated from small aircraft or from an uncrewed aerial vehicle (UAV).
Mark Sinclair, Fugro’s Director of Hydrography in Asia-Pacific, said: “This innovation will deliver enhanced survey coverage and object detection to improve our nautical charts, which
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www.sosmagazine.biz September 2020
are critical to our maritime trade. These data collection enhancements are also supported by more efficient data processing with Fugro’s Australian- developed Pyxis cloud-based processing, which combines artificial intelligence and machine-learning.”
The Fugro LADS HD+ system will now be deployed to Papua New Guinea for nautical charting projects, continuing Fugro’s work in Pacific Small Island Developing States supporting safety of navigation and climate change adaption.
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