Oslo-listed PSV investment outfit Standard Supply has managed to offload its last ship after its first sale fell through.
The Øystein Stray Spetalen-controlled company has agreed the sale of the 2007-built large PSV Standard Supplier.
The 5,100 dwt platform supplier was part of a $72.2m three-ship deal struck with Evangelos Marinakis-backed Capital Offshore in November, however, its sale was canceled due to a failed delivery following ongoing repair of its azimuth thruster.
The vessel is currently on hire with BP UK at about $23,500 per day and will be delivered to an undisclosed new owner in early April for $22.7m.
Martin Nes, chairman of Standard Supply, said the company would have about $43m of cash on hand once the transaction is completed.
Spetalen’s Cyprus-based vehicle, SD Standard ETC, owns about 53% of Standard Supply. Norwegian investors Arne Blystad and Harald Moraeus-Hanssen are also among the top shareholders.
