Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 06– February 12).
According to Ezra who acts as the parent corporate guarantor for the charter party, a claim is for some S$4.4 million or NOK 25.5 million.
The first contract is for feasibility and concept engineering and the second is for FEED services covering the full range of upstream developments.
Solstad Offshore, Farstad Shipping and Deep Sea Supply will combine to create a new OSV company following completion of the Farstad restructuring, which has been agreed by Aker, Hemen, Ocean Yeild and Farstad’s senior lenders.
Deep Sea Supply and Farstad Shipping will merge into and be established as individual subsidiaries under Solstad Offshore, with shareholders of Deep Sea Supply and Farstad Shipping receiving shares in Solstad Offshore as consideration.
Rowe will also join the Flowserve board of directors. He succeeds Mark Blinn, who previously announced his intention to retire and will step down from the Flowserve board, effective March 31, 2017.
The subsea vessel Olympic Commander will be renamed Skandi Darwin, and will be used by DOF on the Shell Prelude inspection, maintenance and repair (IMR) contract in the Asia Pacific region.