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    C H Offshore agrees to dispose of two vessels

    Vessel & ROV News // August 30, 2007

    The Board of Directors of CH Offshore Ltd in Singapore has announced that the company has entered into two separate conditional sale agreements with an unspecified third party, pursuant to which the buyer will purchase from the company for an aggregate cash consideration of US$6.2 million, Osam Condor, a 1983-built 4,800bhp AHTS and Gema 1, a 1982-built 4,800bhp AHTS.

    The purchase prices of US$3 million for Osam Condor and US$3.2 million for Gema 1, amounting to an aggregate consideration of US$6.2 million, were arrived at on a willing seller and willing buyer basis after taking into account future prospects, cash flow and potential earnings of the vessels.


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