General – PSVs
Offshore vessel operator Rem Offshore said Friday it had agreed to buy four platform supply vessels from K-Line Offshore AS, which is set to be dissolved and cease to exist.
K-Line Offshore, was established in Norway in 2007, however the company had long struggled after energy price decline, heavily affected by dropped market since then.
Therefore it was decided that the best solution should be to sell all the vessels and dissolve K-Line Offshore taking expected profitability of OSV business into consideration.
Rem Offshore announced Friday it had agreed to buy the four PSVs, but did not share the financial details of the purchase.
The vessels will in question are the KL Brevikfjord, KL Barentsfjord, KL Brisfjord, and KL Brofjord, all of the STX PSV06 design.
K Line expects to deliver the vessels in the fourth quarter of the fiscal year ending March 31, 2022, with the date of K-Line Offshore dissolution scheduled for the first half of the fiscal year ending March 31, 2023.
