Eidesvik sheds offshore construction vessel

  • Business & Finance

Eidesvik Offshore, a Norway-based owner of offshore support and construction ships, has signed a deal for the sale of one of its offshore construction vessels (OCV).

Eidesvik signed a memorandum of understanding for the sale of the Viking Poseidon OCV to an unnamed buyer.

According to the company’s statement from Friday, the deposit has been lodged, and the delivery will take place mid-March 2017.

Eidesvik recorded an impairment charge of NOK 130 million ($15.6 million) in the fourth quarter of 2016.

The company added that the sale of the Viking Poseidon would have a positive liquidity effect of around NOK 180 million ($21.6 million) after repayment of debt.

The last contract the vessel had was supporting Siemens Wind Power’s operations in the German offshore wind sector. The contract was awarded in June and was supposed to last 3-5 months.

Before that, the Viking Poseidon was with Harkand which entered into administration in May 2016 and consequently terminated the contract.

The Viking Poseidon is of an Ulstein SX 121 design built by Ulstein Verft Yard. It is 130 meters long and 25 meters wide, and has 10,000 tonnes deadweight.

Offshore Energy Today Staff

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