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Shareholders at Standard Supply will have to wait a little longer to fully cash in on the company’s vessels after the sale of one of the PSVs fell through.
The Øystein Stray Spetalen-controlled platform supply vessel owner said the 2007-built Standard Supplier will remain in the company’s ownership due to a failed delivery following ongoing repair of its azimuth thruster.
The ship was part of a $72.2m deal agreed upon in November, including two already-delivered large PSVs, the Standard Viking and Standard Defender.
The Standard Supplier has been off-hire since late October but is expected to return to work for BP UK shortly at about $23,500 per day. The contract runs until June, with options for an additional three months.
In December, the Oslo-listed company also offloaded four mid-sized PSVs owned by Northern Supply, in which it held a 51% stake, which, together with the sales in November, would have represented a complete fleet sell-off at significant profit. Nevertheless, the company confirmed that the gains from the deals concluded will be returned to shareholders. Spetalen’s Cyprus-based vehicle, SD Standard ETC, owns about 53% of Standard Supply. Norwegian investors Arne Blystad and Harald Moraeus-Hanssen are also among the top shareholders. |
