Seismic player Polarcus and Russian shipping company Sovcomflot have once again agreed new terms for the vessel Vyacheslav Tikhonov.
Specifically, Sovcomflot has exercised options to extend the firm period of the charter for 3 years.
The new charter begins immediately after the project the vessel is currently on.
Hire will be fixed at half the current day rate throughout the 3-year extension.
Sovcomflot withdrew the redelivery for Vyacheslav Tikhonov seismic vessel in June this year.
In December of last year the companies agreed to postpone the redelivery of the vessel until the completion of work which Sovcomflot secured in Asia.
The redelivery should have taken place in Q2 2020.
However, Sovcomflot decided to keep the vessel in light of further project opportunities, after it completed the project in Asia.