Østensjø Rederi has signed a contract to sell Edda Fonn to the Royal New Zealand Navy, the company said Aug. 22.
The vessel will be outfitted with dive-, ROV- and hydrographic system by Østensjø early next year, before being delivered to the Royal New Zealand Navy in Auckland in May 2019. The modifications are as per Royal New Zealand Navy specification and will be carried out in close cooperation with the purchaser. Once ready for operations, Edda Fonn will replace two vessels that have been decommissioned from the Royal New Zealand Navy.
“Edda Fonn was built in 2003 and has served our company to great satisfaction. However, we are very pleased with the sale, and it will give our company opportunity to reinvest in new tonnage,” Kenneth Walland, Østensjø’s CEO, said.
Recommended Reading
Yellen Expects Further Sanctions on Iran, Oil Exports Possible Target
2024-04-16 - U.S. Treasury Secretary Janet Yellen intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel.
The Jones Act: An Old Law on a Voyage to Nowhere
2024-04-12 - Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.
Kinder Morgan Exec: Building Pipelines ‘Challenging, but Manageable’
2024-04-05 - Allen Fore, vice president of public affairs for Kinder Morgan, said building anything, from a new road to an ice cream shop, can be tough but dealing with stakeholders up front can move projects along.
US Companies Ponder Future in Venezuela as Washington Pressures Maduro on Elections
2024-01-26 - The pressure is on again for Venezuela’s President Nicolás Maduro to announce a clear election timeline amid tensions following recent arrest orders and detentions of his opposition supporters.
The Risks and Benefits of the IRA’s 45Q, 45Z
2024-01-29 - The Inflation Reduction Act sections 45Q and 45Z are incentives to invest in energy transition and renewable energy projects, but they involve legal considerations to account for.