Norskan Offshore Sells Off 5 UT-Design OSVs

skandi yare
Skandi Yare, image courtesy Norskan

Norskan Offshore, the Rio de Janeiro-based subsidiary of Norwegian shipowner DOF ASA, has entered into an agreement today for the sale of 5 offshore support vessels operating in Brazil. The ships included in the agreement are the AHTS Skandi Copacabana, a 2005-built UT 722 L design, and the UT 755-design platform supply vessels Skandi Leblon (2004), Skandi Flamengo (2003),  Skandi Yare (2001) and the Skandi Stolmen (1997).

DOF says the buyers are companies owned by a Brazilian Private Equity Fund managed by Mantiq Investimentos and Mare Investimentos, based in Sao Paulo and Rio de Janeiro, Brazil.

The sale will release approx. NOK 500 million of free liquidity to the shipowning companies on redemption of loans. Delivery of the ships is planned to take place in the period between February and April 2015.

CEO Mons S. Aase states: “We are very pleased to have entered into this agreement, and shall be looking forward to cooperating with the new owners. The sale is adapted to DOF’s long term strategy to prioritize ownership and operations of more advanced ships in Brazilian waters.”