DESSC charters vessel for 2007 delivery

Deep Sea Supply Plc. subsidiary DESS Cyprus Ltd. has entered into an agreement with Java Marine Lines Pte. Ltd. for a one-year firm bareboat charter for an anchor handling tug supply vessel.

Offshore staff

SINGAPORE -- Deep Sea Supply Plc. subsidiary DESS Cyprus Ltd. has entered into an agreement with Java Marine Lines Pte. Ltd. for a one-year firm bareboat charter for an anchor handling tug supply vessel.

The AHTS is to be commissioned and delivered by Jaya Shipbuilding & Engineering Pte. Ltd. in Singapore in September/October 2007.

Deep Sea Supply PLC has secured a purchase option at the end of the one-year bareboat charter.

Deep Sea Supply will operate the vessel in Asia, the Middle East, and West Africa.

3/7/2007

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