Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (February 20– February 26).

Forland Subsea has entered into a time charter agreement with an undisclosed contractor for the Lewek Inspector vessel, following a standstill agreement with EMAS AMC.

Forland Subsea and EMAS AMC have entered into a standstill agreement for the duration of the short-term charter.

The expected charter period is about three weeks and the vessel will start working this week, the company informed.

McDermott has confirmed the acquisition of the newly-built pipelay and construction vessel Amazon to boost its ultradeepwater and SURF fleet portfolio.

The vessel name was changed from “Ceona Amazon” to “Amazon”.

The Amazon is en-route to the Middle East and is scheduled to arrive in early March.

South Stream Transport, a wholly-owned subsidiary of Gazprom, and Allseas Group have signed a contract to build the second string of the TurkStream gas pipeline’s offshore section.

The agreement, signed in Amsterdam, is part of the option included in the construction contract for the pipeline’s first string, which was signed in 2016.

SapuraKencana has completed the signing of a 7-year multi-currency financing facilities of approximately USD 1.5 billion equivalent with a consortium of Malaysian, regional and international banks.

The proceeds raised from this facility should be utilised to partially refinance its wholly-owned subsidiary’s, SapuraKencana TMC existing borrowings.

Fugro Subsea Services and DOF have signed a new six month contract plus options for construction support vessel Skandi Olympia.

The contract is planned to start in March.

Skandi Olympia, a DP2 vessel capable of conducting construction support activities worldwide, has been on charter with Fugro Subsea Services since 2009.