Promising start to the new year for Island Offshore

Island Offshore has been awarded several important vessel contracts during the first months of 2022. At present all 25 vessels are employed. Total value of awarded contracts is approx. NOK 500 million and as of March, 60% of available days in 2022 are sold out.

The contracts cover employment across segments including PSV, AHTS, Subsea, Offshore Wind and Light Well Intervention. The international market development is particularly positive.

«We are extremely pleased with the trust shown in us by our customers. These contracts evidence a continued market recovery despite the current international instability following the conflict in Ukraine," states Managing Director Tommy Walaunet.