Smit-Lloyd
Odin B.V.
Smit-Lloyd
BV and S. Sejersted Bodtker Group, Oslo have formed a joint venture
company, entitled Smit-Lloyd Odin BV, which is located in Rotterdam.
The
new company will acquire three newbuilding third generation UT 704 anchorhandling/tug/supply
vessels under construction for the account of companies wthin the Bodtker
Group at the Titovo Shipyard in Jugo-Slavia.
The
vessels which are built to Det Norske Veritas class have a main engine
output of 9,000 BHP giving a bollard pull of 110 tons. All three ships
will fly Dutch flag and be managed by Smit-Lloyd BV using experienced
Dutch officers and crews.
To
reflect their 9,000 BHP main engine output, the vessels will be named
Smit-Lloyd 90, 91 and 92 in conformity with Smit-Lloyd's longstanding
policy of numbering the various classes of vessel in their fleet into
easily indentifiable groups, such as the 70, 100 and 120 classes.
Smit-Lloyd is familiar with the UT 704 class of vessel, having operated
two 7040 BHP first generation versions of the wellknown design during
1980/1982.
The enhanced 9,000 BHP version, apart from its improved technical specification,
which includes joy-stick control, Karmoy forks/hydraulic towing pins
and a 2,200 barrels liquid mud carrying capacity, has the attraction
to Smit-Lloyd of filling a gap between their 8,000 BHP 100 class and
the 10,000 BHP 120 class.
For
Bodtker there is the obvious benefit of linking up with a major operator
who enjoys a high reputation for reliability and performance and who
also has ready access to the international market.
In this regard, most Norwegian owners have tended to ristrict their
activities to the North Sea area whereas the bid operators such as Smit-Lloyd
have an organisationel structure which enables them to provide technical
back up anywhere in the world.
No decision has yet been taken in where the vessels will be deployed,
but should it be decided to operate in the North Sea, Smit-Lloyd feel
that the strong Norwegian participation in the new Company will assist
their efforts to penetrade the Norwegian market in which in recent years
has almost exclusively been reserved for the Norwegian flag ships.
Smit-Lloyd
BV is responsible for marketing the Smit-Lloyd 90, 91 and 92 on a worldwide
basis, with the exclusion of Norway where Odin Marine Services A/S of
Oslo represents the new company.
Odin is an associate company within the Bodtker and Arthur H Mathiesen
Groups.
This
new move is in keeping with Smit-Lloyd's declared policy of establishing
joint ventures and co-operation agreements with selected outside interests
when and where suitable opportunities arise.
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