Deep Sea Supply
Encyclopedia
Deep Sea Supply is an international operator of offshore supply vessels. It operates nine anchor handling tug supply vessel
s (AHTS) and two platform supply vessel
s (PSV). 17 ships are under construction. The main office is located in Arendal
, Norway
though the company is officially headquartered in Cyprus
and listed on the Oslo Stock Exchange
.
and international operating supply vessels. The first acquisition was six AHTSs from Tidewater the same year, followed the next year by the purchase of an order of 22 newbuilding contracts from Sea Tankers Management. Two additional ships were also bought in 2006. The same year the Cyprus
-registered company Deep Sea Supply Plc was created to move the companies assets from Norway to Cyprus. Deep Sea Supply is largely institutionally owned company that trades on the Oslo Bors. The largest owning interest in the company is Hemen Holdings. Hemen is a holding company that is owned by Norwegian Shipping Tycoon John Fredrikson.
Anchor handling tug supply vessel
Anchor Handling Tug Supply vessels are mainly built to handle anchors for oil rigs, tow them to location, anchor them up and, in a few cases, serve as an Emergency Rescue and Recovery Vessel ....
s (AHTS) and two platform supply vessel
Platform supply vessel
A Platform supply vessel is a ship specially designed to supply offshore oil platforms. These ships range from 20 to 100 meters in length and accomplish a variety of tasks...
s (PSV). 17 ships are under construction. The main office is located in Arendal
Arendal
is a town and municipality in the county of Aust-Agder, Norway. Arendal belongs to the traditional region of Sørlandet.The town of Arendal is the administrative center the municipality and also of Aust-Agder county...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
though the company is officially headquartered in Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
and listed on the Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
.
History
Deep Sea Supply ASA was created in 2005 and listed on the Oslo Stock Exchange to build up a portfolio of North SeaNorth Sea
In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...
and international operating supply vessels. The first acquisition was six AHTSs from Tidewater the same year, followed the next year by the purchase of an order of 22 newbuilding contracts from Sea Tankers Management. Two additional ships were also bought in 2006. The same year the Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
-registered company Deep Sea Supply Plc was created to move the companies assets from Norway to Cyprus. Deep Sea Supply is largely institutionally owned company that trades on the Oslo Bors. The largest owning interest in the company is Hemen Holdings. Hemen is a holding company that is owned by Norwegian Shipping Tycoon John Fredrikson.