Singapore's Vard Holdings has found a buyer for an OSV valued at $120m ordered by the collapsed Harkand Group.
The 121-metre diving support and construction vessel Haldane (ex Harkand Haldane) has gone to an undisclosed international customer. The price was not given.
TradeWinds reported earlier this year that TechnipFMC and Subsea 7 had been linked to the ship, with interest among the large subsea contractors said to have been high for the advanced unit.
The ship was originally ordered in December 2013 for hand-over in 2016, but the yard was notified in May 2016 that Harkand had entered into administration.
Delivery is now set from Vard Soviknes in the first quarter of next year, and the vessel will in the meantime be finalised, tested and prepared for operations.
Loan to be cleared
"The sale of the vessel will allow Vard to reduce the capital employed by eliminating a vessel from its inventory and reduce its liabilities by reimbursing the related construction loan with a direct benefit from lower financial charges going forward," Vard said.
"As an additional consequence of the reimbursement of the construction loan, the company will benefit from the release of the cash posted as collateral in favor of the lending bank with a correspondent positive impact on the liquidity position of the company."
The vessel is specially designed and equipped for diving and subsea operation duties.
It has a 250-ton offshore crane and a twin-bell, 18-man saturation diving system.
