Volstad Turns Down DeepOcean’s Charter Termination

Norway’s Volstad Shipping has received a charter termination notice from DeepOcean AS for the vessel Volstad Surveyor.

Volstad Surveyor is a 85.3 meters long multipurpose DP II vessel of ST-253 design built for hull and ROV based seabed mapping and surveys, structural inspection and construction support operations.

The vessel was mostly engaged on Norwegian Continental Shelf performing seabed survey services for Statoil in 2015.

Volstad Surveyor was delivered from Freire Shipyard in Vigo, Spain, May 2010. On October 01, 2011, Volstad Shipping entered into a 5-year charter party with DeepOcean.

According to the charter party the contract period would expire 30 September 2016.

Volstad Shipping said it strongly disagrees with DeepOcean AS and has in consultation with its legal advisors rejected the termination as without merits.

“Volstad Shipping AS will now consider the implications of the termination for the company and claim damages from DeepOcean AS for all relevant losses,” the company said in Monday’s Oslo filing.

Subsea World News Staff

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