Norwegian contractor Reach Subsea said it has renegotiated and extended the charter party agreement with Østensjø Rederi for the vessel Edda Fonn.
According to the company, the new contract expires January 01, 2019.
The IMR, survey and light construction vessel is currently scheduled for a contract starting July 09, for 20 days firm + 20 days options.
CEO, Jostein Alendal, says: “We are pleased to have Edda Fonn in our fleet, a vessel that fits into our focus markets and cooperation with MMT Sweden. An important part of our operational strategy is to collaborate with high quality ship owners and we are looking forward to continuing the good relationship with Østensjø in the years ahead.
“The extension of the Edda Fonn agreement is in line with our growth strategy and targeted fleet size for the coming years.”
Commercial terms between the parties have not been disclosed.