PGS sells survey vessel to JOGMEC

Offshore survey service provider PGS has sold 2009-built survey vessel Ramform Sterling to Japan Oil, Gas and Metals National Corporation (JOGMEC).

PGS offered to sell the vessel to JOGMEC in November as part of a tender process, with a sale price of approximately $100m. JOGMEC will take delivery of the vessel late April.

PGS will receive about 75% of the cash proceeds at delivery, with the remaining amount scheduled to be paid in 2020.

Following the sale PGS will be left with a fleet of 13 vessels, seven of which are active while six are currently laid up.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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