Fugro, Forland Subsea II Agree Charter Termination Terms

Fugro Subsea and Forland Subsea II have agreed on the terms of the charter contract termination for the multipurpose offshore vessel MV Fugro Saltire.

The termination notice was delivered to Forland Subsea II by Fugro Subsea in August, 2017.

Under the terms of the termination the companies have agreed that Forland Subsea II will receive from Fugro a cash compensation and ownership to certain fixed equipment on the vessel.

According to Forland, the cash compensation should be paid in Q4 2017 and Q1 2018.

The MV Fugro Saltire, built in 2008, is a 111-meter vessel designed to meet both the current and predicted future demands of the trenching, remote intervention, construction and survey markets.

Share this article

Follow Subsea World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >