Dolphin to charter 3D seismic vessel, Sanco Sword

5/2/2012 5:51 AM EST

Dolphin has exercised the option and signed a long 
term time-charter on the 3D seismic vessel Sanco 
Sword from Sanco Shipping AS, for an initial 5 year 
firm period with options to extend for additional 3 
times 2 years. 

The Vessel is the second purpose built high capacity 
3D seismic vessel to be delivered from Kleven 
Maritime's Myklebust Yard in Norway to Sanco 
Shipping. She is the sister ship of Sanco Swift, also 
chartered by Dolphin. Sanco Sword is scheduled to be 
delivered from the yard in April 2014.

Atle Jacobsen, CEO commented, "Sanco Sword will be 
the fourth high capacity 3D seismic vessel to be 
operated by Dolphin and position us with one of the 
most modern and efficient fleets in the industry. The 
delivery timing of the vessel is ideal during a 
further strengthening of the marine seismic market"

Ivar Slettevoll, Managing Director Sanco Shipping 
commented, "we are pleased to further expand our good 
business relationship with Dolphin Group. The Sanco 
Sword will, as her sister ship Sanco Swift, be built 
by Kleven Maritime yard in Norway. The vessel is 
characterised by high transit speed, and industry 
leading bollard pull which will enable large and wide 
tow configurations. Furthermore, the vessel will be 
equipped with the newest engine technology that will 
provide safe and fuel efficient operations for the 
charterer. The Sanco Sword is fully financed and we 
look forward to start the building project with 
Kleven Maritime's Myklebust Yard " 

Attached, illustration picture of Sanco Sword

Atle Jacobsen, Ceo
Mobile:		+47 97 71 53 36
E-mail:		  

Erik Hokholt, CFO 
Mobile:		+47 90 75 60 64
E-mail:		  

Dolphin Group ASA
Helsfyr Atrium 
Innspurten 15
0663 OSLO

Phone:	+47 23 16 70 00
Fax:	+ 47 23 16 71 80         
www.dolphingroup.no  
Dolphin Group ASA has two main business areas; 
Dolphin Geophysical AS and Dolphin Interconnect 
Solutions AS. Dolphin Geophysical is a global full-
range, asset light supplier of marine geophysical 
services and operates a fleet of new generation, high 
capacity seismic vessels and offers contract seismic 
surveys, multi-client projects and processing 
services on a worldwide basis. Dolphin Interconnect 
is a global supplier of high performance solutions 
(hardware- and software) for the server and embedded 
systems market. Dolphin Group ASA is listed at Oslo 
Stock Exchange (OSE ticker: DOLP).