Otto Marine Buys MV Seisranger

Seisranger AS, a subsidiary of Forland Shipping Group (Forland), has concluded the sale of its vessel named Seisranger to Otto Marine Limited on 30th of April 2014.

The sale will trigger a NOK 75 million (circa USD 12.5 mil) redemption of the NOK 525 million (circa USD 88 million) Senior Secured Bond that E Forland AS has outstanding.

The MV SEISRANGER was built as a seismic vessel in 1993 and rebuilt in 2001 to become a state-of-the-art ROV/Survey/Construction vessel. Since its conversion in 2001, the vessel has been on charter to Halliburton/ Subsea7.

In January 2014 the Subsea7 charterparty for Seisranger was terminated.

Press Release, April 30, 2014, Image: Seisranger AS

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Maritime Reconnaissance & Surveillance Technology

Now in its 4th successful year, Maritime Reconnaissance & Surveillance Technology is the only event that specifically.

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >