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    Dive support vessel sold

    Vessel & ROV News // February 10, 2015

    The DSV Altus Exertus (ex Aquamarine, built 1981) has been sold by Bibby to Marine Engineering and Diving Services in UAE (MEDS) who declared a purchase option on the vessel, and sold it to a Pareto Project Finance fund.

    As Fearnley Offshore Supply explained, the company then chartered the vessel back to MEDS on a three-year bareboat charter with put-options at charter end.

    Pareto put the project value at US$15.75 million. The three-year bareboat is at day rate of US$9,500. MEDS purchase option at charter end is for US$10 million.


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