Gulfmark Offshore, Inc. has reached a settlement with a U.S. shipyard-thought to be BAE Systems, Mobile, AL- over the delivery delay of two PSVs ordered in 2012. Under the resolution, GulfMark will take delivery of the first vessel during the third quarter of 2016. The settlement also grants GulfMark the option of purchasing the second vessel for $26 million on June 30, 2017 with payment due at delivery-if the option is exercised.
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