Fugro buys chartered Solstad OSV

Dutch owner takes over former Rem ship following long-term lease.

Dutch owner Fugro has acquired a Solstad Offshore OSV that it has been chartering over the long term.

The company said the deal for the 4,100-dwt Rem Etive (built 2007) was concluded at a price "significantly more beneficial than a renewed charter agreement."

The ship will continue to work for Fugro in the Asia Pacific region and is expected to strengthen the company’s position in future subsea inspection business in the area.

It has been operating for the company since delivery in 2007.

"Retaining the benefits of the vessel’s assured performance and notable versatility will result in seamless project execution and provide the continuity that is essential in operational management," Fugro said.