Norway’s Siem Offshore and Malaysia’s Daya Materials Bhd. entered into an agreement in August 2014 for the sale of the two 2013-built Offshore Subsea Construction Vessels (“OSCVs”) ”Siem Daya 1” and ”Siem Daya 2” at a total price of $282 million.
Daya has paid a deposit of USD 1.4 million in aggregate on the vessels, and has been given until mid-April to arrange for financing and pay the remainder of the deposit on the two vessels.
The deposit will equate to 10% of the purchase price. The vessels will be delivered by mid-July 2015. Both vessels are on long-term charters to Daya and the charter agreements will continue until deliveries are concluded.