Building a large offshore construction support vessel for DOT Shipping is progressing as planned. The vessel, due for delivery at the end of 2016, is fully financed and has secured a long-term time charter in Mexico.
DOT Shipping has a 50 percent interest in this new construction support vessel which is 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 seven years against agreed terms.
Through the partnership and joint vessel ownership with Singapore-listed Pacific Radiance Ltd, DOT Shipping has secured a long-term alliance with a highly competent and strong partner.