US owner Rowan is laying up a drillship after Repsol tore up a charter early.
The company said it had received a notice of immediate termination for the 33,400-dwt Rowan Renaissance (built 2014).
The vessel will be warm-stacked, with reduced manning.
But it added: “The company expects to continue to be paid by Repsol on a monthly basis through the original termination date of 22 April, 2017, at a rate slightly below the current standby rate.”
