Forland, EMAS-AMC reach deal for Lewek Inspector vessel

Offshore vessel owner Forland Shipping has reached a deal with EMAS AMC over its Lewek Inspector vessel.

To remind, EMAS AMC has defaulted on the charter hire payment for Forland’s Lewek Inspector vessel for October 2016, and has said it would be “unable to settle the outstanding charter hire for the time being, due to financial distress.”

Forland last week said it would assess and explore the consequences of the payment default and the options available to it, including the remedies available to it under the charterparty.

The company on Monday said it reached a temporary agreement with EMAS-AMC. Under the agreement, the Lewek Inspector will complete its ongoing project offshore Congo, currently expected to be completed in January 2017.

Forland did not say whether the new deal includes EMAS AMC paying any fee for the charter.

To remind, the shipowner last week noted that EMAS-AMC AS’ obligations under the charterparty are guaranteed by Singapore-listed Ezra Holdings Limited, which is a parent company of EMAS AMC.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
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

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply