Reach Subsea awards more time to Edda Fonn vessel
Norwegian subsea service provider Reach Subsea has renegotiated and extended the charter party agreement with its compatriot offshore services provider Østensjø Rederi for the vessel Edda Fonn.
The new contract expires January 1, 2019 but commercial terms were left undisclosed.
Reach said in an Oslo Stock Exchange filing on Thursday that Edda Fonn is currently scheduled for a contract starting July 9 for 20 days firm plus 20 days options.
CEO, Jostein Alendal, commented: “We are pleased to have Edda Fonn in our fleet, a vessel that fits into our focus markets and cooperation with MMT Sweden.
“An important part of our operational strategy is to collaborate with high quality ship owners and we are looking forward to continuing the good relationship with Østensjø in the years ahead. The extension of the Edda Fonn agreement is in line with our growth strategy and targeted fleet size for the coming years.”
The survey, inspection & light construction vessel Edda Fonn was built in 2003 by Myklebust Verft. It started working for Reach Subsea in December 2014 under a three-year contract.
The vessel has an overall length of 84.7 meters, 18 meters beam, 700 square meters aft deck and a 7.2×7.2 meters moonpool.