Norwegian offshore vessel operator DOF says it has entered into a management agreement with the new Norwegian owner of Farstad anchor handling tug supply vessel Far Shogun.
DOF expected delivery between June 15 and July 15 and will take over the management and operation of the vessel, which will be renamed Skandi Bergen. It also has an option to purchase the vessel at a price close to 50-60% of historical build costs.
Mons S. Aase, CEO of DOF, said, “This agreement reflects the challenging market conditions, but we see it again as a vote of confidence in our global organization to be asked to manage and operate this vessel.”
Separately, DOF also announced that DOF Subsea has been awarded a contract, utilising Skandi Skansen and several other AHTS vessels, for the mooring installation of an FPSO on the UK Continental Shelf.