DOF to manage ex-Farstad anchor handler

Norwegian offshore vessel provider DOF has entered into an agreement with an unnamed Norwegian company to manage an anchor handler bought from Farstad Shipping. 

Namely, a Norwegian limited company, not owned by DOF, has signed an agreement with Farstad’s UK-based subsidiary, Farstad Supply, regarding purchase of the anchor handling tug supply (AHTS) vessel Far Shogun. Delivery is agreed between June 15 and July 15, 2017.

DOF will enter into a management agreement with the new owner for the management and operation of the vessel. DOF also has an option to buy the vessel at a price corresponding to the outstanding debt or approximately 50-60% of historical build costs.

After the takeover, Far Shogun will be renamed Skandi Bergen.

In a statement, CEO Mons S. Aase said, “This agreement reflects the challenging market conditions, but we see it again as a vote of confidence in our global organization to be asked to manage and operate this vessel.

“Far Shogun is a strategically important vessel to be added to the DOF Group’s fleet. The vessel is already a well reputed vessel in the Asia Pacific region but can also be utilized in the South America or Atlantic regions.”

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply