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    C H Offshore sells Tropic Orion

    Vessel & ROV News // November 19, 2007

    The Board of Directors of CH Offshore Ltd has announced that its subsidiary Pembrooke Marine Pte Ltd has entered into a Memorandum of Agreement with a third party pursuant to which the buyer will purchase from Pembrooke, for an aggregate consideration of US$2.9 million, Tropic Orion, a 1982-built, 4,800bhp AHTS.

    The aggregate consideration of US$2.9 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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