DDW Offshore Sells “Skandi Peregrino” for USD 25 Million
Fornebu, Norway, March 4, 2025 – Akastor ASA’s subsidiary, DDW Offshore AS, has announced the sale of the vessel “Skandi Peregrino” for a purchase price of USD 25 million. This sale, which has now become firm, was entered into on Saleform 2012 terms, suitably amended. Completion of the sale is contingent upon the charterer’s consent.
Background on the Sale of “Skandi Peregrino”
The “Skandi Peregrino” is a versatile offshore support vessel, which has been serving in the oil and gas industry for several years. The vessel, known for its high performance and advanced technology, has been an essential asset for DDW Offshore. However, the company has decided to sell it as part of its strategic initiatives to optimize its fleet and focus on its core business areas.
Impact on DDW Offshore
The sale of “Skandi Peregrino” is expected to bring significant financial benefits to DDW Offshore. The proceeds from the sale will strengthen the company’s financial position and provide resources for further investments in its core business areas. This transaction is also a part of the company’s ongoing efforts to streamline its operations and improve efficiency.
Impact on the Oil and Gas Industry
The sale of “Skandi Peregrino” is a reflection of the current market conditions in the oil and gas industry. With the ongoing volatility in oil prices and the increasing focus on renewable energy, many companies are re-evaluating their assets and optimizing their fleets. The sale of the vessel is likely to have a ripple effect on the industry, as other companies may follow suit and sell their less profitable assets.
Future Prospects for DDW Offshore
Despite the sale of “Skandi Peregrino,” DDW Offshore remains committed to its core business areas and continues to invest in advanced technology and innovative solutions for the offshore industry. The company’s focus on renewable energy and its strategic partnerships with leading players in the industry position it well for future growth.
Conclusion
The sale of “Skandi Peregrino” by DDW Offshore for USD 25 million is a strategic move that is expected to bring financial benefits to the company and reflect the current market conditions in the oil and gas industry. The transaction is a part of DDW Offshore’s ongoing efforts to optimize its fleet and focus on its core business areas. The ripple effect of this sale on the industry is likely to be significant, as other companies may follow suit and sell their less profitable assets. Despite this sale, DDW Offshore remains committed to its core business areas and continues to invest in advanced technology and innovative solutions for the offshore industry.
- DDW Offshore sells “Skandi Peregrino” for USD 25 million
- Sale is a strategic move to optimize fleet and focus on core business areas
- Transaction reflects current market conditions in the oil and gas industry
- Ripple effect on the industry as other companies may sell their less profitable assets
- DDW Offshore remains committed to its core business areas and continues to invest in advanced technology and innovative solutions
