Forland Shipping has assigned the technical management of its fleet to OSM.

The Norwegian owner has reached an agreement with OSM for its two ships, the 2,881-dwt Fugro Saltire (built 2008) and the 4,705-dwt Lewek Inspector (built 2013).

OSM has been responsible for crew provision on the two ships for a couple of years and the latest deal means the two companies have taken their cooperation a step forward.

Bjorn Kristian Jaeger, managing director of Forland, said: “Being a small shipping company operating in a very challenging market, we have to minimize our operational cost at the same time as we can sustain the traditionally high performance of our vessels.

“This decision also enables us to focus more on strategy, business development and strategy, which we believe will be mandatory for any company’s success in the future.”

Lewek Inspector is chartered by Emas Offshore, which has defaulted on the charter payment for the vessel.

Geir Sekkesaeter, chief executive of OSM, said: “I believe that many of the smaller shipowing companies in the offshore sector are looking for ways to reinvent themselves.

“To do so requires being able to focus on strategy and business development rather than operations and partnering with OSM can help achieve just that.”