DOF Subsea sells CSV

Oslo-listed DOF Subsea has struck a deal to sell the 2001-built construction support vessel Geosund to an undisclosed international buyer.

No price has been revealed for the Norwegian-flagged CSV. Online pricing platform VesselsValue estimates it is worth around $3.4m.

Delivery of the vessel, initially built as a platform supply vessel and rebuilt to a CSV in 2006, should take place in the first quarter of 2022.

DOF Subsea acquired the vessel from Farstad Shipping in 2005 for a reported price of $38.7m.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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