Deep Sea Supply

Deep Sea Supply
Deep Sea Supply Plc
Type Public (OSE: DESSC)
Industry Shipping
Founded 2005
Headquarters Cyprus
Area served Global
Key people Odd Brevik (CEO)
Website [1]

Deep Sea Supply (OSE: DESSC) is an international operator of offshore supply vessels. It operates nine anchor handling tug supply vessels (AHTS) and two platform supply vessels (PSV). 17 ships are under construction. The main office is located in Arendal, Norway though the company is officially headquartered in Cyprus and listed on the Oslo Stock Exchange.

History

Deep Sea Supply ASA was created in 2005 and listed on the Oslo Stock Exchange to build up a portfolio of North Sea and international operating supply vessels. The first acquisition was six AHTSs from Tidewater the same year, followed the next year by the purchase of an order of 22 newbuilding contracts from Sea Tankers Management. Two additional ships were also bought in 2006. The same year the Cyprus-registered company Deep Sea Supply Plc was created to move the companies assets from Norway to Cyprus. Deep Sea Supply is largely institutionally owned company that trades on the Oslo Bors. The largest owning interest in the company is Hemen Holdings. Hemen is a holding company that is owned by Norwegian Shipping Tycoon John Fredrikson.


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