WEDNESDAY, 14 DECEMBER 2016
OCEANTEAM ASA - FUGRO NV RETAINS CHARTER CONTRACT CSV SOUTHERN OCEAN
Oceanteam ASA
Published: 15:56 CET 14-12-2016 /GlobeNewswire /Source: Oceanteam ASA / : OTS /ISIN: NO0010317316
OCEANTEAM ASA - FUGRO NV RETAINS CHARTER CONTRACT CSV SOUTHERN OCEAN
Last week, Fugro NV announced to no longer pursue the divestment of its subsea services business in Asia Pacific to Shelf Subsea. As a result, Fugro will retain all vessels, other equipment and personnel related to the business, including Oceanteam's CSV Southern Ocean.
This August, Fugro announced that the company had signed an agreement for the sale of its subsea services business in Asia Pacific to Shelf Subsea. However, parties were unable to reach agreement on some closing conditions and Fugro decided to no longer pursue the transaction.
Oceanteam's CSV Southern Ocean, which has been on long-term bare boat charter with Fugro TSM Australia since her delivery in 2010, will therefore not be transferred to Shelf Subsea Australia. As a result, the vessel will remain under contract by Fugro TS Marine Australia until the end of 2018 plus options for extension.
The CSV Southern Ocean is a DP2 Construction Support vessel (dynamic positioning class 2), that is characterised by her large cranes (1 x 250 and 1 x 100 tonnes fully heave compensated), 2400 m2 deck space, extensive accommodation and excellent seafaring capabilities. These characteristics enable Southern Ocean to be utilised for field support, construction, installation and IRM.
CSV Southern Ocean is owned by a joint venture between Bourbon Offshore Norway and Oceanteam.
For more information, please read Fugro's official statement.