Its 5,000-dwt Siem Stingray has been hired by Subsea 7 for an initial three years, with an option for two more.
The ship will fill a contract which Subsea 7, which is also owned by Norwegian magnate Kristian Siem, secured from BP last week.
While Siem does not say how much the charter is worth, Arctic Securities analyst Kristoffer Riis Iden estimates it to be in the region of $55,000 per day.
He
