James Fisher Sells Dive Support Vessel to Seamec

Bartolomej Tomic
Thursday, July 1, 2021

UK-based offshore services provider James Fisher and Sons has agreed to sell its dive support vessel [Subtech] Paladin.

The company has sold the DSV to the Indian offshore services provider Seamec for $17.3 million.

"This announcement is in line with the Group's newly stated capital allocation policy to reduce leverage, in the short term, through the sale of non-core assets," James Fisher said.

The 104 meters long vessel, previously known as Toisa Paladin was built by Kleven in 2008. 

Seamec has confirmed the acquisition of the vessel in a statementon Thursday. It also said that that on completion of takeover, the vessel was put on deployment on bareboat charter with James Fisher with multiple extension options.

The charter hire for the firm period is USD 990,000, Seamec said, without providing the details on the charter duration.

The vessel's AIS Data provided by VesselsValue, shows the DSV is currently in Congo, en route to the Loango field, operated by the Italian oil company Eni.

Categories: Offshore Vessels Activity Africa

Related Stories

Cadeler Signs Wind Turbine Installation Contract Worth Up to $150M

Rem Offshore Places Order for Next-Gen Subsea Construction Vessel

Strategic Marine Delivers Crewboat for Truth Maritime Services

Current News

First Gas Export to Denmark from Tyra II Expected Today

Vattenfall to Take Part in IJmuiden Ver Offshore Wind Tender in Netherlands

Beach Energy to Let Go 30% of Workforce Amid Strategic Review

Ocean Infinity Inks Deal with Shell for Subsea Data Capture Services

Subscribe for OE Digital E‑News