Oslo-listed offshore shipowner Reach Subsea has succeeded in negotiating a cut in charter-in rates as it restructures.
The "comprehensive" rejigging of fees it pays to counterparties for their vessels will see Solstad Offshore and Ostensjo Rederi become new shareholders in the company, which operates three construction and support ships.
The move is designed to let Reach "move forward with market based charter-in rates," it said.
It
