The repurposing of oil and gas support ships in other sectors has continued following more sales.

Dubai-based Stanford Marine has sold its 4,000-bhp anchor-handling tug supply (AHTS) vessel Stanford Mariner 2 (built 2002) out of the offshore market to compatriot Ashraf Al Sharif Trading.

The new owner has renamed the ship the Ghazzal 7 and will use the unit for bunkering operations in the United Arab Emirates (UAE), Oslo shipbroker Seabrokers reported.

The vessel changed hands for $1.5m. VesselsValue assesses the Ghazzal 7 as worth just $730,000 now.

Management will be handled by Navigator Line Ship Management & Operations.

Stanford Marine retains 32 offshore support vessels (OSVs).

Meanwhile, a platform supply vessel (PSV) sold by Stig Remoy’s Olympic Subsea in Norway will carry out work connected to wind farms.

The 3,250-dwt Olympic Promoter (built 2005) was offloaded earlier this year for $7.5m.

The ship will operate for Germany’s SeaRenergy, offering cargo run services for the offshore wind supply chain in the German North Sea.

The vessel has been renamed the Spirit of Emden, under the ownership of Asian Spirit Steamship Co, also of Germany.

Reducing reliance on spot markets

The added capacity prevents an over-reliance on the offshore spot markets in Den Helder, Aberdeen or Bergen, Seabrokers reported.

Finally, DOF Group sold the 3,600-dwt PSV Skandi Sotra (built 2003) in February.

The buyer, Indonesian telecommunications company Ketrosden Triasmitra, has now awarded a contract to the domestic PaxOcean Nanindah Mutiara Shipyard to convert the vessel into a cable layer.

The ship will be equipped with a remote operated vehicle (ROV) and a plough system.

The former PSV is expected to be ready for operations in the second quarter of 2023.

DOF sold the Skandi Sotra — now known as the Sotra — for $5.5m.