Eidesvik and Reach agree sale of jointly-owned IMR vessel

Eidesvik Offshore and Reach Subsea have signed a memorandum of understanding to sell the jointly owned IMR vessel Viking Reach to an unnamed client. Eidesvik Reach, the joint venture that owns the 2009-built vessel, is 49.9% owned by Reach Subsea. The rest is owned by Eidesvik Offshore. The transaction is expected to be completed in … Read full article →