James Fisher sells DSV to Seamec

UK offshore service provider James Fisher and Sons has sold its diving support vessel Subtech Paladin to Indian offshore vessel operator Seamec for $17.3m.

James Fisher said the move is in line with the group’s newly stated capital allocation policy to reduce leverage, in the short term, through the sale of non-core assets.

The 2008-built vessel was acquired from Toisa for $20.3m in December 2018.

Seamec chartered back the vessel to James Fisher in a firm deal worth around $1m, with multiple extension options.

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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