Subocean sinks and ‘Polar Prince’ pinched

Polar Prince (1999/6,051gt), the Norwegian flagged 94m DP2 cable laying OSV chartered by Subocean, was impounded at Harwich in late January. Photo: Graeme Ewens

The assets of the market leading offshore cable laying company Subocean, which went into administration in late January, have been acquired by the French energy group Technip in a deal reportedly worth £10m.

This is premium content

Already a member? SIGN IN now

V2-MJ

Sign up for FREE to continue this article…

It only takes a minute to sign up for a free account, and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the commercial marine sector
  • Access to the Maritime Journal Industry Database
  • Monthly Maritime Journal Magazine (Restricted digital edition)
  • Website access (3 standard news articles per month)

Get access and more free content sign up today

Does your organisation require more access? Upgrade to a subscription and enjoy unlimited news and additional features.