Scrapped deal : Dof Subsea boss Steve Brown with chairman Mons Aase
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DOF Subsea bins MPSV newbuild
Norwegian offshore contractor DOF Subsea has cancelled its order for a newbuild multi-purpose supply vessel in India.
“DOF Subsea and Tebma Shipyard have agreed to cancel hull no 143 (MPSV - VS 485),” DOF said in a statement.
Company boss Steve Brown told Tradewinds DOF Subsea has “had issues” with the yard but insisted further information is a “matter of commercial confidence”.
Tebma Shipyard will fully refund cash already paid, Dof said.
The contract is estimated to be worth around $50 million.
The vessel was scheduled for delivery in April next year.