Axis Offshore Orders Harsh Environment Semi-submersible Accommodation Vessel

Axis Offshore is pleased to announce the ordering of a semi-submersible accommodation vessel satisfying the stringent North Sea operating requirements to be delivered Q1 2015.

Axis Offshore is the newly established joint venture between strong and strategically committed shareholders; the Danish shipowner, J. Lauritzen and the leading oil and gas private equity firm, HitecVision.

The new accommodation vessel is ordered by Axis Offshore to target the strong demand for modern units to operate in the harsh environment in the North Sea, especially in the Norwegian and UK sector with emphasis on high safety standards and comfortable solutions for offshore accommodation.

Axis Offshore has selected Global Maritime’s design, GM500A, for the turn-key project to be built by Cosco Qidong Offshore co. Ltd. with strong track record building similar offshore units. Global Maritime has delivered designs for four drilling rigs now under contracts in Norway. Furthermore, the organization of Axis Offshore has extensive experience with complex building projects in China and with Cosco. The contract with Cosco includes options for two more units, valid for 12 months and 24 months respectively.