The Norwegian offshore vessel proprietor Golden Vitality Offshore Providers AS (“GEOS”) stated Wednedsay it had entered right into a memorandum of settlement (the “MoA”) with an undisclosed purchaser for the sale of the subsea assist vessel VOS Sugar.

The VOS Sugar is among the Vroon Offshore vessels GEOS agreed to purchase final month, a purchase order which is within the technique of finishing. 

The MoA is topic to passable vessel inspection by the client. Offered that the topic is lifted, the sale is anticipated to be accomplished in November 2023. 

“The agreed gross sales value within the MoA is EUR 15 million and when accomplished would characterize a considerable money revenue to the corporate relative to the acquisition value of USD 9.4 million within the [Vroon fleet acquisition],” GEOS stated.

As beforehand reported Golden Vitality Offshore Providers (GEOS) in August entered right into a binding Memorandum of Settlement for the acquisition of 4 platform provide vessels and one subsea assist vessel from subsidiaries of Vroon Holding B.V. for a complete consideration of $94 million.

Dutch vessel proprietor Vroon earlier this yr accomplished the implementation of the monetary restructuring for the “new” Vroon specializing in specialised fleet of deepsea vessels (livestock carriers, product tankers, and high-heat tankers) and emergency response and rescue vessels (ERRV).

As a part of the restructuring, the bulk possession of Vroon has transferred to the corporate lenders, with the Vroon household retaining a small curiosity.