A contract extension has been secured with Repsol Norge AS. The contract is in

direct continuation of the current charter contract from 2021. The large PSV

Energy Swan was in 2021 chartered for a firm period of 1 year + optional (total

of 1 years options). Repsol Norge AS and GEOS agreed after expiration of the

firm period that the vessel will remain on charter in direct continuation of the

present firm period for an additional 6 months till 1st May 2023. The charter

rate reflects the market conditions. The parties have further agreed that

Charterers continue having options available to charter the vessel as per the

original charter (till 1st November 2023).

Some highlights from the assignment so far:

• The vessel have 100% utilization ytd
• No Technical Downtime
• Zero LTI (lost Time Incident) or other serious incidents
• Prior commencement of contract in November 2021, shore power plant was installed on the vessel, allowing to stop diesel engines while alongside. Result since November 2021 using clean hydro power from shore when available, is a emission reduction of approx. 2 750 kilos of NOX and 231 000 kilos of CO2

We would like to thank Repsol Norge for the trust shown by this extension and we would like to thank the crew and all involved for their great performance to gain this trust.

https://live.euronext.com/node/11906324

Energy Swan

The vessel is of ST 216 design and is a large PSV / pipe carrier designed to meet the general market with its very high capacities in all respects. The vessels propulsion is a bit special with shaft driven azipulls giving low fuel consumption at its economy speed of approximately 12 knts, and high speed of 18.5 knts when fast transits is needed. With azipulls, 3 bow thruster and DP2 the vessel has excellent station keeping capacities and with its large deck it is ideal for ROV and also more specialized offshore tasks.

The vessel has low noise and vibration in hull and superstructure and also a highly efficient stab tank in the superstructure beneath the bridge deck which ensure less roll and high comfort for its crew. The ship is designed according to the class notation “COMF-V” , NAUT-OSV and NOFO 2009.

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