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    North Sea area sales and purchase/newbuildings

    Vessel & ROV News // June 15, 2001
    Gulf Offshore have purchased Seatruck Holdings AS for approximately $61.8 million. The fleet consists of five vessels with further options for two newbuildings. Due diligence should be completed by mid June.

    Atlantic Towing has placed an order for two plus one option UT722 AHTS with Halifax Shipyard with the first vessel due for delivery December 2002.

    Investors have bought the Champion (ex-Gargano, built 1975 - 8,480bhp), Navigator (ex-Dea Supplier, built 1977 - 7,040 bhp), Searcher (ex-Smit Lloyd 119, built 1977 - 7,360bhp) and Achiever (ex Smit Lloyd 115, built 1976 - 8,000bhpo) en bloc on private terms. SMS will act as managers for the vessels.

    DSV Bergen Viking (which was built 1983 - 5,400bhp) has been acquired by Caldive, from the banks for NOK 121 million. The vessel has been renamed Mystic Viking and has left the North Sea for the US Gulf.

    DSND have declared their option to purchase the Lochnagar from Farstad at a price of approximately NOK 192 million.

    Augusta Offshore has sold the AHTS Asso 7 (built 1975 - 6,120bhp) to Vigiena and also the Asso 12 (built 1975 - 9,700bhp) to Zakher Marine on private terms.

    Standby vessels Veesea Hawk, Veesea Merlin, Veesea Eagle, and St Kitts (all built in the 1960s) that have been laid up in Leith for sometime have been bought by Boston Putford Seacor on private terms. It is expected that threeof the vessels will be sent for scrap whilst the Veesea Hawk will be sold to others for conversion to non-oil related purposes.

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