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DOF sells 13-year-old platform supplier

Norwegian offshore vessel owner DOF has sold one of its platform supply vessels (PSVs) to an undisclosed buyer.

DOF said in an Oslo Bors filing that it sold its 2011-built PSV Skandi Gamma. The financial details of the deal were not revealed.

The vessel will be delivered to the new owners during this month and the Norwegian firm will continue as the technical and commercial manager for the vessel.

In March last year, DOF won a new four-year deal from Ithaca Energy for the vessel. The contract with two one-year options attached started on May 1, 2023, in direct continuation of the vessels’ current employment. The PSV has been working on the UK Continental Shelf for Ithaca since May 2021.

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“The sale of another PSV is in line with our long-term strategy to focus on integrated subsea services and the short to medium-term focus on optimising the combination of earnings and vessel values from our PSV fleet,” said Mons S. Aase, CEO of DOF.

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