Nautilus Marine Acquisition Corp. announced that it has taken delivery of the SK Line 69, to be renamed Vega Jaanca, a 5150 BHP Anchor Handling vessel, built in December 2012 in China, said in the company's press release. Nautilus has taken control of the vessel under a bareboat charter at a daily bareboat charter rate of $4,000, with an obligation to purchase the vessel at any time during the bareboat charter, at its option. The vessel has already completed its conversion into an Oil Spill Response Vessel (OSRV) and is en-route to Cape Town where the Oil Recovery Equipment will be installed. Thereafter the vessel will be delivered in Brazil into time charter employment with Petroleo Brazileiro S.A. ("Petrobras") for 4-years firm, plus 4-years optional at a contracted gross daily charter rate of $26,200.
About Nautilus
Nautilus is a maritime energy services company owning and operating offshore supply vessels (OSVs) serving oil and gas exploration and production companies and projects. Nautilus was incorporated in the Marshall Islands on November 1, 2010 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Market under the symbol "NMAR." Currently, Nautilus has a fleet of five (5) OSVs comprised of two (2) Platform Supply Vessels (PSVs) currently serving long-term employment contracts with Petrobras in Brazil plus an additional three (3) Oil Spill Response Vessels (OSRVs) at various stages of their delivery process into their Petrobras long-term employment contracts for work in Brazil. Nautilus has an additional OSRV time charter contract with Petrobras for which it has sourced a vessel to fulfil same. All of our vessels were acquired as newbuilding resales, thus, the average age of our current operating fleet is less than 1 year.
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