Offshore Shipping Online

A publication for the offshore shipping industry published by Clarksons

  • Offshore Intelligence Monthly
  • Menu

    Prosafe bids to buy Nortrans Offshore

    News // February 23, 2001
    Offshore Shipbrokers reports that Prosafe ASA of Norway has made an offer to purchase Nortrans Offshore, the FPSO operator in Singapore, on the basis of a cash & share offer valuing the company at around US$200 million. The majority shareholder, Cherryhayes Ltd, with just under 60 per cent of the shares, has already accepted the offer.

    Nortrans currently have operating vessels in Vietnam, Indonesia, India, Egypt, Angola and the Ivory Coast.

    More articles from this category

    More news