Boa aborts vessel order with Noryards

  • Business & Finance

Boa IMR AS, a majority owned subsidiary in the Boa Offshore group, has now sent a cancellation notice of the shipbuilding contract for an IMR/OCV vessel with Noryards Fosen AS in Norway. 

The company ordered a light construction / IMR vessel with NorYards in March 2015. The contractual delivery date of the vessel was March 2017.

According to its press release, in the cancellation notice, Boa IMR AS claims repayment of advance payments including interest according to the contract, and a notice of a possible guarantee claim is also sent to the guarantor.

The vessel, with main dimensions of 108 x 24 meters, was designed by NorYards in cooperation with BOA Offshore.

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