Secondhand offshore vessels continue to command elevated prices ahead of expected rate rises into the spring and summer.
One eye-catching deal is the acquisition of the 91-loa multipurpose platform supply ship (MPSV) Peridot (built 2005) by Cyprus-based EDT Shipmanagement.
The company said it has renamed the vessel EDT Prometheus after taking delivery.
The ship was sold by the Israeli government, with brokers putting the price at $18.5m.
VesselsValue assesses the ship as worth $31.1m, but other sources disputed this valuation.
The sales price is still a steep gain from a valuation of $7m two years ago.
The MPSV was built as Bourbon Peridot by Bourbon Offshore and was later converted to a remotely operated vehicle support ship for multipurpose subsea services.
The Ulstein Verft-constructed ship was sold as Peridot to Israel in 2019, and relocated to Haifa, the shipyard’s website says.
It has a dry-docking due.
EDT has 12 ships, including three other MPSVs, plus PSVs and anchor-handling tug supply ships.
Prices still rising
Norway’s Island Offshore has also been taking advantage of the rise in asset values.
The 3,800-dwt PSV Island Dragon (built 2014) is reported to have gone for $25.8m to an undisclosed buyer.
VesselsValue rates the ship as worth $19.8m, with a special survey passed, against $11.5m two years ago.
Brokers reported a “lacklustre” North Sea market is not deterring “speculators” in the sale-and-purchase arena.
Owners are looking to see rates quadruple as the bad weather eases in the North Sea, with increased construction activity noted.
PSV spot rates have been as low as £4,500 ($5,670) in the past month, but improved to £9,000 this week.
TradeWinds reported in March that John Fredriksen’s private Seatankers group achieved an astonishing price for two PSVs it sold to Fugro earlier this year.
The Dutch contractor said it had acquired the 5,200-dwt Sea Goldcrest (built 2019) and Sea Gull (built 2020) for conversion into geotechnical vessels for offshore wind farm work.
No price was ever disclosed, but TradeWinds was told by multiple broking sources that the two ships went for about $40m and $42m, respectively.
Seatankers picked up the duo as resales in 2018 at $19m each from Fujian Mawei Shipbuilding in China.
