Oceanteam has announced that Fugro will retain the charter contract for its construction support vessel Southern Ocean after the collapse of Fugro’s deal to sell its Asian subsea services business.
In August, Fugro announced that it had signed an agreement for the sale of its subsea business in Asia Pacific to Shelf Subsea. However, parties were unable to reach agreement on some closing conditions and Fugro decided to no longer pursue the transcation.
Oceanteam’s Southern Ocean, which has been on long-term bareboat charter with Fugro TSM Australia since her delivery in 2010, will therefore not be transferred to Shelf Subsea Australia. As a result, the vessel will remain under contract by Fugro TS Marine Australia until the end of 2018 plus options for extension.
