Deep Sea Supply

Nov 25, 2015 | | Say something
AddressP.O.Box 53340 CY-3302 Limassol Cyprus
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About Deep Sea Supply

Deep Sea Supply Plc (DESSC or The Company) is a Cyprus based offshore supply company. The Company operates a total of 39 Offshore Support Vessels.

The Company intends to become one of the leading Owner and operator of supply vessels on a global basis. Deep Sea Supply Plc will seek to obtain medium to long term contracts.
For more information see the chartering pages

The vessels currently operate in the North Sea, West Africa, Mediterranean, South East Asia and Brazil.

The Company (DESSC) is a public quoted company listed on the Oslo Børs. The Company is incorporated in Cyprus.

The Company’s vision is to become a leading global offshore supply vessel company. The Company’s primary aim is to meet the demand from the markets that require modern and advanced offshore vessels.

The Company is focusing on acknowledged Safety Standards developed during recent years within the Offshore Marine Industry worldwide and in the North Sea area in particular. The top management is dedicated to supervise that all personnel are well acquainted with HSEQ standards and procedures and all efforts will be made to ensure that each individual has the preferred attitude and behaviour with respect to safety matters and is carrying out the operations in accordance with best practices.

DESSC will actively consider investments in the perspective of providing attractive financial returns to its shareholders. The Company will actively consider possibilities to participate in industry consolidation, mergers and acquisitions, and will position itself to be part of such consolidation.

The Company intends to use the capital market when doing investments, and does not intend to hold significant liquid reserves for investments. Retained earnings will, to the extent permitted under operational constraints, financial covenants and with due regard to appropriate working capital requirements, be paid out as dividends.