CSV Southern Ocean Stays with McDermott

McDermott and Fugro have agreed on an extension of the CSV Southern Ocean current charter to allow McDermott to complete its scope of work offshore India.

The vessel was unable to finalize the expected work scope during the charter period with McDermott as a result of the cyclone hitting the Indian coast early May.

As a result of the extension of the current vessel charter, the CSV Southern Ocean cannot be delivered on the agreed delivery date for the Fugro charter in Australia as indicated in company’s press release dated 23 April 2019.

Therefore, Fugro has cancelled the subsequent charter agreement and has found alternatives to service its end-client. Parties had been working together to find mutually agreeable financial solutions, Oceanteam said in Wednesday’s Oslo Stock Exchange filing.

CSV Southern Ocean is jointly owned by Bourbon and Oceanteam.

Share this article

Follow Subsea World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 2 3 4 5

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >