Norway’s DOF sells LNG-powered PSV

Norway’s DOF has sold its 2011-built LNG-powered platform supply vessel, Skandi Gamma.

DOF said in a statement that the vessel will be delivered to the new owners in April, but it did not reveal the name of the buyer or the price tag of the deal.

The firm will continue as technical and commercial manager for the 94.9 meters long vessel.

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

DOF announced last year a new four-year firm contract for the PSV with London-listed Ithaca Energy.

The award, which also includes 2 x 1-year options, started on May 1, 2023 in direct continuation of the previous contract.

Skandi Gamma has been working on the UK Continental Shelf (UKCS) for Ithaca since May 2021.

Norway's DOF sells LNG-powered PSV
Image: Pelagic Partners

Pelagic Partners invests in LNG PSVs

Besides this sale, Cyprus-based Pelagic Partners, a ship owning fund formed in 2020 by Niels Hartmann and Atef Abou Merhi, recently completed an investment in two LNG-powered PSVs that will see it partner with UK-based private investment and asset management firm, Borealis Maritime.

Pelagic Partners did not provide more details regarding the deal in a statement issued last week.

Built in 2021, the 89 meters long Aurora Coey – formerly Viking Coey – and Aurora Cooper – ex-Viking Cooper – represent the “best-in-class PSVs available in the market”, according to Pelagic Partners.

Both ice-class ships are dual-fuel and capable of operating on LNG, as well as being ammonia-ready.

The sister vessels are also fitted with hybrid battery power and are currently under charter with “reputable international counterparties”.

- Advertisements -

Most Popular

Commissioning of India’s Chhara LNG terminal delayed

India’s Hindustan Petroleum, a unit of state-owned ONGC, has reportedly delayed the commissioning of its Chhara LNG import terminal...

MOL’s LNG carrier fleet to grow to 104 vessels by March 2025

Japan's shipping giant MOL expects its huge fleet of liquefied natural gas (LNG) carriers to increase to 104 vessels...

Venture Global: Plaquemines LNG to start production in mid-2024

US LNG exporter Venture Global LNG expects to start LNG production at its Plaquemines LNG export plant in Louisiana...

More News Like This

Borealis and Viking Supply Ships welcome second LNG-powered PSV

UK-based shipping firm Borealis Maritime and Sweden’s Viking Supply Ships have taken delivery of the second LNG-powered platform supply...

LNG-powered PSV joins Borealis fleet

UK-based shipping firm Borealis Maritime has taken delivery of an LNG-powered platform supply vessel from Poland's Remontowa. Sweden's Viking Supply...