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    More details on Trico's Brazilian deal

    News // October 10, 2003
    Seabrokers has provided more details about the sale of Trico Offshore Ltda (Brazil) to NorSkan Offshore Ltda, the 50/50 joint venture between District Offshore and Solstad Shipping.

    In the latest issue of Seabrokers's monthly report Seabreeze, the broker noted that under the agreement Norskan will take control of Trico's Brazil's only asset being the AHTS UT722L that is currently under construction atthe Eisa Yard in Brazil.

    This will bring to three the number of vessels under NorSkan's control, the other two being the PSV UT755L Norskan Flamengo, which is on contract for four years to Petrobras, and the PSV UT755L Norskan Leblon, which is due to deliver ex Estaleiro in early 2004.

    The company will have an eight-year contract for the AHTS vessel with Petrobras for anchor handling work in deep water on the Brazilian Continental Shelf.

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