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Subsea 7 stacks two more vessels

UK-headquartered subsea specialist Subsea 7 has revealed that it has stacked an additional two vessels and let go of a chartered vessel during the first quarter of 2016.

The company outlined the changes to its fleet make-up within its 2016 first quarter results, having achieved a net income of $248m off revenues of $746m.

Subsea 7 currently has 34 vessels in the fleet, with 27 of them active and a total of seven stacked. It also has an additional four vessels under construction.

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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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