Benefits of our design include:
- Our vessels have two to three times
the dry bulk capacity and deck space, three to ten times
the liquid mud capacity and two to four times the deck tonnage
compared to conventional, 180-foot OSVs, which are used
primarily on the continental shelf.
- Our advanced cargo handling systems allow for dry bulk and liquid cargoes to be loaded and
unloaded three times faster, while the solid state controls
of our engines typically result in a 20% greater fuel
efficiency than vessels powered by conventional engines.
- In addition, we believe that the superior
capabilities of our deepwater OSVs allow them to earn higher average dayrates and utilization rates than those
generated by our peers.
- Our OSVs are equipped with advanced dynamic
positioning systems which allow our vessels to
maintain position within a minimal variance.
- The unique hull design and integrated
rudder and thruster system of our OSVs provide for a more manageable vessel.
- Our OSVs have been designed with state-of-the-art
lifesaving monitoring, emergency power, fire-alarm and fire
suppression systems and systems monitoring equipment.
- These vessels also have double-bottomed
and double-sided hulls that minimize the environmental
impact of hull penetrations, solid state control that minimizes visible soot and polluting gases and zero
discharge sewage and waste systems that minimize the
impact on marine environments.
Since 1997, we have assembled
a core team of naval architects and other marine professionals
to design and operate a new class of OSVs that specifically address the challenges
of deepwater operations. Our deepwater OSVs have been built based on the proprietary designs and
to the specifications of our in-house design team. As
a result, our deepwater OSVs have enhanced capabilities
that allow them to be used effectively in all stages
of a deepwater project and for specialty services. Where
appropriate, we work closely with potential charterers
to design vessels specifically to meet their anticipated
Our management possesses significant
naval architecture, marine engineering and shipyard
experience. We believe we are unique in the manner in
which we design our own OSVs and work closely with our
contracted shipyards in their construction. In addition,
we typically source and supply much of the owner-furnished
equipment from vendors other than the shipyard, comprising
a large portion of the aggregate cost of a vessel. This
approach results in substantial cost savings by avoiding
the shipyard's mark-up on such equipment and enabling
us to qualify for volume discounts with our non-shipyard
vendors. This approach also fosters direct relationships
with the vendors of our major equipment systems, which
enhances the level of service we receive from such vendors
during the warranty period. We believe that our history
of delivering new vessels without significant delays
provides us with a competitive advantage in obtaining
contracts for our vessels prior to their actual delivery.