“All investments are 100% equity financed and can be offered to oil companies at highly competitive cash positive rates.
Standard Drilling in addition to a 33.3% ownership in one VLCC tanker currently controls, directly and indirectly, a fleet of 9 PSVs ; three (3) large PSVs 100% owned and six (6) medium sized PSVs with 28,12% ownership. tanker
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.”