DESSC signs new charter

Deep Sea Supply has entered into a new charter with Total E&P Congo beginning April 26, 2007, for the Sea Halibut, the second PSV delivered from Cochin Shipyard, for a period of six months.
March 13, 2007

Offshore staff

SINGAPORE -- Deep Sea Supply has entered into a new charter with Total E&P Congo beginning April 26, 2007, for the Sea Halibut, the second PSV delivered from Cochin Shipyard, for a period of six months.

The charter value for the firm period is approximately $6.2 million, including mobilization and demobilization fee.

The Cochin Shipyard expects to deliver theSea Halibut in early May 2007. The rig is expected to be offshore Congo by mid-May.

3/13/2007

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