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    Sevan hulls to become accommodation units

    Company News // June 7, 2013

    Seabrokers reports that Sevan Marine has agreed to sell its partially completed Sevan Hulls 4 and 5 to Logitel Offshore. The total purchase price will be US$41 million, to be rendered as a sellerís credit.

    Logitel Offshore is a stand-alone company established in co-operation with Sevan to†promote floating accommodation units based on the Sevan cylindrical monocolumn hull design.

    Logitel has entered into agreements "with a reputable yard" for the construction of one plus one high-end accommodation units based on Hulls 4 and 5, with options for two additional units.

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