Oceanteam Announces Sale of Offshore Supply Vessel

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Oceanteam ASA and its joint venture partner Bourbon have reached an agreement to sell the construction support vessel Bourbon Oceanteam 101, owned by the joint venture company Oceanteam Bourbon 101 AS, reads the company press release.

NSF agreement

The Sellers and undisclosed buyers have entered into a NSF agreement for the sale of the Vessel, the delivery of which will take place in July 2021.

Keesjan Cordia, Chairman of the Board commented: “Following the sale of CSV Southern Ocean in April 2021 this sale is another significant and final milestone transitioning away from the conventional offshore shipping industry.

He further said, “The sale of the assets will relieve Oceanteam from its liabilities, create additional liquidity and establish a solid platform to follow through on the earlier advised more sustainable strategy including the potential merger with Passer AS and key focus on the high-growth offshore renewable market.”

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Source: Oceanteam