EMAS AMC struggling to pay offshore Congo vessel fees

Offshore staff

PARADIS, Norway – Forland Subsea has reached a temporary agreement with EMAS AMC under which the Lewek Inspector vessel will complete a project offshore Congo, probably in January.

EMAS AMC chartered the vessel from Forland, a subsidiary of Frode Bjørn, but defaulted on a payment of the charter hire which was due on Nov. 30.

During a meeting between representatives of the parties last week, EMAS AMC told Forland it could not settle the outstanding charter hire for the time being, due to financial distress.

12/22/2016

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...