Norway-based oil-services investment company Akastor has announced the sale of an anchor handling tug supply (AHTS) vessel. Specifically, Akastor ASA’s subsidiary DDW Offshore AS has entered into a binding agreement to sell Skandi Peregrino for a purchase price of $25m, which yesterday has become firm.
According to Akastor’s stock exchange release, the agreement is entered into on saleform 2012 terms, suitably amended, and completion is conditional on charterer’s consent.
The agreement is expected to be completed in the second quarter of 2025, Akastor said, whereby about $10m of the purchase price will be used to repay a proportional portion of DDW Offshore’s debt.
The remaining debt with DDW Offshore will be about $19m.
Upon completion, Akastor intends to distribute a substantial portion of the net proceeds of about $15m as cash dividend to its shareholders.
DDW Offshore owns three modern anchor handling tug supply (AHTS) vessels, Skandi Atlantic, Skandi Emerald and Skandi Peregrino.
The vessels are specially designed to perform anchor-handling, towing, and supply services at offshore oil and gas fields.
