Cyprus-based owner and shipping fund manager, Pelagic Partners, has bolstered its offshore portfolio with an investment in two platform supply vessels.
The latest deal has seen the company founded by the Hartmann and Abou Merhi families team up with private investor and manager Borealis Maritime to take over Viking Supply Ships‘ stake in the 2021-built Cooper Viking and Coey Viking.
Both PSVs have been subsequently transferred to Aurora Offshore Management and renamed Aurora Cooper and Aurora Coey.
“The development of our portfolio in this segment is driven by an acknowledgement that offshore energy investment looks likely to remain steady over the next five to six years, coupled with an extremely low order book, which will likely lead to an increase in demand for PSVs,” said Atef Abou Merhi, managing director at Pelagic Partners.
The company had earlier invested in Norwegian owner Golden Energy Offshore Services (GEOS) and signed up for a series of newbuild commissioning service operation vessels (CSOVs) at Cochin Shipyard in India.
