DOF sells subsea vessel

DOF sells subsea vessel

DOF Subsea has agreed to sell its subsea support vessel Skandi Santos to a new joint venture being formed by Akastor’s AKOFS Offshore and Mitsui.

The sale of the vessel, which has been on charter to AKOFS since 2009, will release about NOK350m ($42.2m) for DOF Subsea after coverage of all costs and repayment of debt.

“The vessel has been a great success for all involved since its delivery. The companies in the DOF ASA and DOF Subsea AS Group are much looking forward to continuing the excellent cooperation with AKASTOR and its affiliates in this successful venture, the values of which we fully share,” said Mons S. Aase, CEO of DOF Subsea.

The agreement to sell the vessel to the joint venture is subject to the consent of Petrobras and certain other approvals and conditions, the clearance of which is expected during the fourth quarter 2016.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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