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    Island Offshore to delay almost all newbuilds

    Vessel & ROV News // April 1, 2015

    Broker Westshore reports that Island Offshore has agreed to delay all newbuilds under construction at Vard bar one.

    Island Clipper is set to deliver from the yard in April 2015 and will do so on schedule.

    Apart from from Clipper, Island Offshore has three PSVs and one CSV which will now be delayed by on average six months.

    In its quarterly statement Island said that this will help improve short term cash flow for the company.

     

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