“All investments are 100% equity financed and can be offered to oil companies at highly competitive cash positive rates.
Standard Drilling currently controls, directly and indirectly, a fleet of 13 PSVs; four (4) large PSVs 100% owned and nine (9) medium sized PSVs with approximately 26 % ownership, including one (1) vessel on a bare boat contract.
Fletcher shipping is currently acting as commercial and technical manager for the Company’s partly and wholly owned PSVs , whereas TMS Tankers Ltd is the Technical and Commercial manager of the partly owned VLCC tanker.
Fletcher shipping is an experience North Sea operator and commercial manager with high utilization track record.
TMS Tankers Ltd is a first-class provider of ship management services running a top-quality fleet of ocean-going tankers, efficiently and reliably.”