Eidesvik loses vessel contract after Harkand collapse

  • Business & Finance

Eidesvik loses vessel contract after Harkand collapseNorwegian offshore shipping company Eidesvik Offshore, has lost its contract for the Viking Poseidon vessel it had with Harkand, which this week entered into administration following losses as a result of a prolonged low oil price environment. 

Eidesvik on Friday said it had received a notice from the Administrators that they would terminate the charter party for the Offshore Construction Vessel Viking Poseidon “immediately”.

Deloitte was appointed on May 4 2016 as Joint Administrators of Harkand Group Holdings Ltd and a number of its subsidiaries.

According to Eidesvik, the contract maturity was originally January 2017. The vessel has been in lay up since October 2015.

Eidesvik said it has engaged legal advisors to protect the company’s  interests.

Offshore Energy Today Staff

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