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Zero charter rates confirmed today as dry-cargo pain intensifies.
Songa Saturn shifts orbit
Norwegian rig owner Songa Offshore may have lined up a fresh fixture for a drillship that has been sitting on ice since May.
The Songa Saturn.
Oslo-listed Songa says its subsidiary, Pegasus Invest, has tied up a paid relocation agreement for the 10,155-gt unit Songa Saturn (built 1983), according to a filing with the Oslo bourse.
An "un-named industry participant" is footing the bill for the move from Malta to the Port of Spain in Trinidad.
Songa says the patron is chasing a potential business opportunity in the "Middle Americas".
But even if a job fails to materialise, the Songa Saturn will earn cash for the return voyage plus compensation.
As TradeWinds has reported, in March the unit was putting the finishing touches on a $10m drilling contract with China's CNOCC.
 Songa Offshore |
| Last | +/- % | +/- | High | |
|---|---|---|---|---|
| NOK | 23.40 | -1.27% | -0.30 | 23.70 |
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