SeaBird sends back seismic vessel

Seismic specialist SeaBird Exploration has terminated the charter of 1990-built Munin Explorer after reaching a settlement agreement with Ordinat Shipping.

SeaBird says the termination, which is is conditional on the fulfilment of certain preconditions, will save it over $2m over the term of the contract. The settlement also includes an agreement for a three year non-competition restriction.

Termination of the charter agreement completes its historical fleet optimisation effort, Seabird says, and its entire fleet is now composed of vessels optimally configured for the company’s core markets.

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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