Akastor ASA: Contract award for two DDW Offshore vessels
Akastor ASA’s (OSE: AKAST) wholly owned subsidiary, DDW Offshore AS (DDW
Offshore), has entered into bareboat charter agreements with OceanPact Servicos
Maritimos S.A. (“OceanPact”), a Brazilian subsea and logistic company, for the
two AHTS vessels Skandi Saigon and Skandi Pacific for a period of 26 months. As
part of the agreements, forward sale of the vessels has been agreed whereby
OceanPact shall purchase the vessels at the end of the charter period. The
vessels will work for Petrobras, supporting the company’s production activities
on the Brazilian continental shelf. Commencement under the two charter
agreements is expected to take place in Q2 2021.
Karl Erik Kjelstad, CEO of Akastor, says: “By entering into these long-term
agreements for two of DDW Offshore’s five vessels, DDW Offshore secures revenue
and predictability going forward. The sale of the vessels will allow DDW
Offshore to reduce its debt obligations according to the restructuring agreement
reached between Akastor and DDW Offshore lenders in October last year.”
For further information, please contact:
Chief Financial Officer
Tel: +47 917 59 705
E-mail: [email protected]
This press release may include forward-looking information or statements and is
subject to our disclaimer; see https://akastor.com.
Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.