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Tuesday, October 21, 2025
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Home Logistics News

Reach Subsea exercises option to keep Olympic MPSV for another year

October 21, 2025
in Logistics News
Reach Subsea exercises option to keep Olympic MPSV for another year
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Norwegian offshore services player Reach Subsea has exercised the first one-year option for Olympic’s multipurpose supply vessel (MPSV) Olympic Triton.
The 2007-built vessel has been on charter since February 2023 under a firm three-year agreement with two optional one-year extensions. This option extends the charter through February 2027.
The vessel is well-suited to meet the demands of Reach Subsea’s clients across both the renewable energy and oil and gas sectors.
The company has also been informed by Eidesvik Offshore of a delay in the delivery of the IMR and light construction vessel Viking Vigor. It is now expected to be delivered in the third quarter of 2026, when it will begin its charter with Reach Subsea.
The vessel is currently under construction at Sefine Shipyard in Turkey and will be managed by Eidesvik Offshore.
Tags: TheVessel

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