Eidesvik seismic vessel contract terminated by CGG

Eidesvik Offshore and CGG have agreed to terminate the contract for seismic vessel Viking Vanquish.

Payment of the charter rate will continue until the end of the charter period on November 2, 2020. The vessel has been in lay-up since February 2016.

The two companies agreed to reduce the rate for the vessel in early 2017, and Eidesvik will receive listed senior notes maturing 2021 and other debt instruments as compensation.

Viking Vanquish was originally built as a supply vessel in 1998 and converted to a seismic vessel in 2007.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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