EuropeFinance and InsuranceOffshore

Fugro completes $106m sale and leaseback for geotechnical pair

Dutch offshore operator Fugro has completed a sale and lease back agreement with ICON Investments for geotechnical drilling vessels Fugro Scout and Fugro Voyager.

Initially Fugro will leaseback the vessels for a five year period, with extension options available for up to 12 years.

The sale has netted Fugro $106m which will be used to reduce the company’s debt.

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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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