Oslo-listed Standard Supply has just lately agreed to promote three massive platform provide vessels, Standard Viking, Standard Supplier, and Standard Defender, for a gross of $72.2 million.
Adjusting for possession, proceeds to Standard Supply will probably be $69.5 million gross.
The transaction is contingent upon sure situations to be lifted by the top of November, and completion is anticipated no later than mid-January 2024.
Martin Nes, Chairman of Standard Supply mentioned: “Standard Supply was at all times meant to be an asset play with an opportunistic strategy in the direction of the market. We have seen a strong restoration throughout the PSV market for the reason that IPO in 2022, and opting to comprehend our beneficial properties at this juncture aligns with our technique. As with earlier gross sales, we intend to return capital to our shareholders.”
Following the sale, the corporate will management a fleet of 4 PSVs with 51% possession curiosity. Three of the 4 vessels are on short-term contracts and will probably be out there for brand spanking new charters within the upcoming months.
