The Greek company Asso.subsea on October 26, 2023, added its new tanker named Arete, previously known as the inspection, maintenance, and repair vessel Viking Reach, to its fleet. This tanker will operate as a drilling support vessel (TSV).
Purchase Date and Renaming
In August of this year, news emerged that Asso.subsea was in the process of purchasing Viking Reach from Eidesvik Reach, where Eidesvik holds a 50.1% ownership and Reach Subsea holds a 49.9% ownership of the vessel. This purchase was made with the intention of renaming the vessel to Arete.
Read more: Northern Ocean Signs New $70 Million Contract with Shell
Features and Capabilities of the Arete Tanker
The new tanker Arete is designed with advanced equipment and high underwater capacity, including a 70-ton AHC crane, a remotely operated vehicle (WROV), and monitoring equipment. This tanker is described as a highly flexible asset equipped for multi-purpose roles in underwater cable protection, route preparation, post-installation burial, and the offshore wind energy market.
Arete will also fly the flag of Greece and will join the Asso.subsea fleet following orders for new tankers Avra and Andromeda. These changes reflect the company's commitment to improving and expanding its marine operations.
Read more: Attacks on Tankers in the Strait of Hormuz Reach Highest Level Since the Start of the Iran War · New Oil Shipment Belonging to Iran Identified on Sanctions Route
