DOF Sells Skandi Marstein

 

The sale will not have any significant liquidity impact or impact on the accounts. The vessel has been in lay up since late autumn 2017.

 

The sale is in line with DOF Group's strategy to divest in the oldest part of the fleet.

 

Last month, Skandi Niteroi, a Brazilian built pipelay support vessel (PLSV) owned by the joint venture between DOF Subsea (50%) and TechnipFMC (50%), awarded a contract by McDermott on the Atlanta Project for Queiroz Galvão.

 

Under the joint venture agreement, TechnipFMC is responsible for the engineering and management of the flexible pipelay, while Norskan S.A., a DOF ASA subsidiary, is responsible for the marine operations.