Øystein Stray Spetalen-controlled platform supply vessel owner Standard Supply has sold its entire fleet within 20 days, taking advantage of the booming offshore sector where owners compete for scarce tonnage.
The Oslo-listed company has reported an en bloc sale of four mid-sized PSVs owned by Northern Supply, in which it holds a 51% stake.
The 2006-built FS Kristiansand and 2008-built FS Braemar, FS Abergeldie and FS Crathes have been picked up by an undisclosed buyer for $34m.
The sale, expected to close by the end of December, came shortly after a $72.2m deal for three large PSVs: Standard Viking, Standard Supplier and Standard Defender.
Standard Supply was established and listed in Oslo in 2022. Spetalen’s Cyprus-based vehicle, SD Standard ETC, owns 53.4% of the company.
Commenting on the previous sale, Martin Nes, chairman of Standard Supply, said: “Standard Supply was always intended to be an asset play with an opportunistic approach towards the market. We have seen a robust recovery within the PSV market since the IPO in 2022, and opting to realise our gains at this juncture aligns with our strategy.”
