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    CH Offshore makes disposal

    Vessel & ROV News // December 1, 2006

    The Board of Directors of CH Offshore Limited has announced that Chuan Hup Agencies Pte Ltd, a wholly-owned subsidiary of the company, has entered into a Memorandum of Agreement with a third party pursuant to which the buyer will purchase from CHA, for an aggregate consideration of US$6.2 million, the vessel RT Rednet.

    The aggregate consideration of US$6.2 million was arrived at on a willing seller and willing buyer basis after taking into account future prospects, cash flow and potential earnings of the vessel.


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