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Petrobras terminates charter of Subsea 7 pipelay vessel
Brazil’s Petrobras has terminated its day-rate contract for Subsea 7’s pipelay support vessel (PLSV) Seven Mar ahead of schedule. The vessel’s contract was due to expire at the end of this year but was terminated as of May 31, Subsea 7 said on June 1, 2016. The Oslo-listed shipowner said the cancellation would incur a $47m loss from its group contract backlog. http://splash247.com/petrobras-terminates-charter-subsea-7-pipelay-vessel/
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