Deep Sea Supply to sell Sea WolverineVessel & ROV News // May 7, 2008
Deep Sea Supply has entered an agreement with TMM in Mexico regarding the sale of the newbuilding AHTS vessel Sea Wolverine. The agreed gross sale price is approximately US$22 million.
Sea Wolverine is the second delivery in a series of nine newbuilding AHTS vessels delivered to Deep Sea Supply from ABG Shipyard in India.
The vessel is expected to be delivered by ABG Shipyard on May 9th 2008, and delivery to TMM is expected in late May 2008.
The sale will release a net cash surplus to Deep Sea Supply
of approximately US$18 million. The profit from the sale,
approximately US$6 million, will be booked in the second quarter of 2008.