Bergen Group offloads rig yard

Bergen Group offloads rig yard

Oslo: Bergen Group has decided to divest the company’s rig-service activity at Hanøytangen. Sale agreements have been concluded with Semco Maritime for the operational activity and with Hellik Teigen for the real estate. The total transaction price is NOK245m ($30.23m).

This is the latest move in Bergen Group’s planned offloading of shipyards. Last year it sold off Noryards.

“The offshore market has become more challenging, volatile and complex. An increased international competition is expected, and this calls for a substantial and flexible project capacity as well as future investments in developing the yard. Bergen Group has in this respect evaluated various strategic alternatives and financial measures for Hanøytangen. Based on a comprehensive process, the board of directors in Bergen Group has concluded on a sale of both the real estate and the operating assets as the best alternative available,” said Magnus Stangeland, chairman of Bergen Group.

The parties plan a final closing within a month.

“The acquisition is an important strategic step for Semco Maritime in pursuing our ambition to become the North Sea leader within projects, service and maintenance for the rig market. Hanøytangen has excellent yard facilities and is the deepest dry dock in Europe. It is a perfect match to our existing facilities in Esbjerg and Invergordon. Hanøytangen completes our set up in the North Sea triangle, thus enabling us to provide a very strong proposition to our clients with one of the largest and strongest rig upgrades and service facilities in Europe”, said Steen Brødbæk, CEO of Semco Maritime.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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