A spokesman claims the company served as nothing more than a “technical advisor” to Nordmoon and Nordlight Schiffahrts GmbH & Co KG, which had lined up contracts to construct two platform-supply vessels at a shipyard controlled by Vard Holdings.

The duo filed for insolvency in Germany on 12 March 2015 and the shipbuilder terminated the orders a day later.

Today, ER said Nordmoon and Nordlight decided to fold after failing to reach an agreement “with regard to the further course of the projects”.

“ER