Norwegian shipowner Rem Offshore says it has agreed to promote a building help vessel (CSV) and delay supply newbuild offshore building vessel (OCV) at Vard.

The agreements had been introduced individually on Monday in disclosers to the Oslo Børs inventory trade.

Rem Offshore stated that as a result of market circumstances, it has reached an settlement with Vard Group As to postpone supply of the newbuild OCV ordered in June 2014 till the primary quarter of 2018.

The firm additionally stated that it has entered into an settlement to the CSV, Rem Forza, to a global buyer revealed by information reviews as Maersk Supply Service. The 2008-built Rem Forza is presently contracted to a unit of DeepOcean for work offshore Ghana.

“Being part of a Group with a strong balance sheet allows us to take advantage of the opportunities arising in the industry,” Jørn Madsen, CEO of Maersk Supply Service, stated. “This acquisition of a quality asset is fully in line with our strategic ambition of growing our subsea fleet and at the same time adds contract coverage during a period of market downturn.”

The supply of the Rem Forza is anticipated to happen shortly. Rem Offshore added that the sale will give it a booked revenue and web money of roughly NOK 200 million (USD$ 22.8 million) after reimbursement of debt.

Rem Offshore’s fleet presently consists of 20 vessels, comprising 2 OCVs, 12 platform provide vessels (PSVs) and 6 CSVs, plus 1 vessel underneath building.

According to Rem Offshore’s web site, it presently has 3 PSVs in lay-up, which appears fairly good contemplating there are near 100 offshore vessels laid up within the North Sea.

The announcement comes as benchmark Brent oil slid to its lowest value since mid-2004 – $36.04.