Saturday, December 22, 2007

Penguin cruising ahead with business expansion

Penguin has taken delivery of its second AHTS, 'Pelican Quest', a 55-metre, 5,000 BHP AHTS with a bollard pull of 65 tonnes.

Internal resources and bank borrowings will fund the vessel. The 'Pelican Quest' is built to Fire Fighting Class 1 specifications for external fire fighting, and is equipped for towing and anchor handling duties, as well as transportation of materials, equipment, fuel, water, bulk cement and liquid mud. This is the second AHTS in Pelican's fleet, the first being a similar sized AHTS, 'Pelican 28', which has been on a long-term time charter in Vietnam for the past year, supporting offshore oil and gas production operations. Pelican is an experienced owner-operator of offshore support vessels with in-house expertise and experience to manage all kinds of vessels. This AHTS acquisition is a logical step forwards in the expansion and refleeting of Pelican.

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