North-east company SeaHold GEOSHIPS said yesterday it was expanding its fleet to three with the charter of two new multi-purpose offshore vessels worth a combined £80million.
The Westhill specialist in marine and subsea services was formed in 2003.
It has forecast turnover of £17million for 2012, with turnover projected to increase to around £120million by 2015 on the back of an eight-ship fleet.
GEOSHIPS now has a workforce of 13, which includes five people in Ellon following the acquisition of marine management services company Brooklyn Shipping earlier this year.
Plans are in place to recruit at least five more people in the next six months.
The two new vessels are the Loch Erisort and Loch Roag.
GEOSHIPS is taking 10-year charters with options to purchase at various dates.
The ships are owned by Mokul Nordic Offshore based in Singapore, a joint venture between Nordic Maritime of Singapore and MDL Energy of India.
The new vessels will be delivered next year and are being promoted to the worldwide oil and gas market for long-term work as multi-purpose support ships.
Earlier this year GEOSHIPS entered into an 18-month charter for its first vessel – a new multi-purpose offshore ship called Stril Explorer.
Stril Explorer has been chartered from Norwegian firm Simon Mokster Shipping.
GEOSHIPS chairman Kenny Macleod said: “We are delighted to be investing in our own fleet of vessels and this commitment underpins our ambitious growth plans for the next few years.
“Our growing fleet enables us to focus more attention on the emerging offshore renewable energy market, as well as improving our ability to support our offshore oil and gas customers.”
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