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Fugro and Forland strike deal over vessel termination

Fugro and Forland strike deal over vessel termination

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E Forland subsidiary Forland Subsea II and Fugro Subsea have agreed terms for the termination of the charter of subsea vessel Fugro Saltire.

The ROV vessel has been under a long-term contract with Fugro Subsea Services since it was delivered in 2008, but in August Fugro served a notice of termination effective October 1, 2017.

Forland says that it will receive compensation in cash as well as ownership to certain fixed equipment on the vessel.

Åge Remøy recently moved to take over Forland and both ships in its fleet, Forland Inspector and the Saltire.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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