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DESSC: March 2015 Freight Revenue and contract update

In March Deep Sea Supply's PSV fleet (all 25* PSVs) had an average gross
income of approx. USD 18.400 per ship per day compared to USD 17.400 in

The AHTS fleet (all 14* AHTS vessels) had an average gross income of approx.
USD 19.400 per ship per day compared to USD 19.000 in February.

2 PSVs and 1 AHTS have been mobilizing during the month and had a negative
contribution on the average rate. All three vessels will commence long term
contracts within early April.

As per 1 April, in total 7 PSVs are operating under Bareboat charter

The vessel Sea Bear has been awarded a contract for 120 days firm plus 60
daily options for operations in Mediterranean waters. Commencement will be
early April 2015.

Deep Sea Supply has received termination notice of the time charter contract
for Sea Falcon for operations in North Sea. The termination is effective as
of end March.

* 9 AHTS vessels and 12 of the PSVs are owned 50% by DESS through DESS BTG in

Limassol, 1 April 2015

Deep Sea Supply Plc

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Deep Sea Supply via Globenewswire


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