OCEANTEAM ASA - Keel Laid for CSV Tampamachoco I

The keel has been laid for DOT Shipping’s new large offshore construction support vessel that is under construction.

Keel laying is, besides launching, commissioning and decommissioning, one of the four specially-celebrated events in the life of a ship. The construction of the Tampamachoco I is progressing as planned. The large offshore construction support vessel, that is due for delivery at the end of 2016, is fully financed and has secured a long-term time charter in Mexico.

Keel-related traditions are said to bring luck to the ship during the construction and to the future captain and crew. They include placing in a newly minted coin under the keel and constructing the ship over it, having the youngest apprentice to place the coin, and when the ship is finished, presenting the owners with the oak block on which the keel is laid.

Joint venture

DOT Shipping has a 50-percent interest in this new large build construction support vessel and is owned through a joint venture between DOT Shipping and Pacific Radiance (headquartered in Singapore). The investment comes with an option to buy the remaining 50 percent after a period of seven years against agreed terms. Through the partnership and joint vessel ownership with Singapore, stock listed Pacific Radiance Ltd., DOT Shipping has secured a long-term partnership with a highly competent and strong partner.