DOF, the Norwegian offshore shipping company, has decided to sell its subsea vessel, Skandi Implementer. This vessel, built in 2018, will be transferred to an undisclosed buyer, with delivery to the new owner planned for the second half of 2027.
Details of the Sale and Financial Impacts
DOF did not disclose financial details related to this transaction but stated that the sale will significantly help reduce the group's net debt. DOF's CEO, Mons Aase, stated: "Although we were not actively seeking to sell this high-quality subsea vessel, the current conditions are favorable for the DOF group and its shareholders, and this is the right decision."
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Features of the Skandi Implementer Vessel
The Skandi Implementer vessel, measuring 137.6 meters in length and equipped with a 400-ton crane, has a capacity to accommodate 129 people. Due to its unique features, it has been used in various projects. However, its sale means that this vessel will be removed from the list of vessels intended for the I-class mission in the first half of 2028. DOF has already received a letter of intent for this project and expects the full contract to be finalized by mid-November. The value of this contract is estimated between 50 million and 100 million dollars.
Consequences of the Vessel Sale
The sale of Skandi Implementer also raises questions about the vessel's involvement in the pre-lay of the FPSO Hammerhead anchor project off the coast of Guyana. DOF secured this contract in January and designated Skandi Implementer for the installation of the foundations and Skandi Skansen for the installation of the anchor line. The project execution is planned for the second and third quarters of 2027, which overlaps with the delivery timeline of Skandi Implementer to the new owner. DOF has not yet clarified whether this vessel will still participate in this project or if alternative arrangements will be necessary.
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