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    GIEK issues guarantees for ROVs

    Organisations and Associations // October 4, 2013

    GIEK in Norway has issued a guarantee for two ROVs for IKM Subsea's subsidiary in Singapore. GIEK issued a buyer's credit guarantee that covers 80 per cent of the total loan for the ROVs.

    The ROVs come in addition to two ROVs that are already in operation in Singapore, and are rented out with crew for different underwater operators.

    IKM Subsea wants to build a fleet of ROVs and become one of the largest international actors in this field. The ROVs will be built in Norway.

     

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