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    Broker reports on recent sale and purchase activity

    News // September 1, 2003
    The Stewart Group reports that Seabulk Offshore have bareboated the UT 710 Troms Supporter from owners TFDS. The period is for five years and includes a purchase option.

    Great Eastern shipping has taken take over a speculative newbuilding UT 755 L currently under construction at the Aukra yard in Norway. The vessel is scheduled for delivery in January 2004.

    In its latest monthly report, the Stewart Group said NorSkan Offshore Limitada, owned 50/50 by Solstad Offshore ASA and DOF ASA, has purchased 100% of the shares in Trico Offshore Limitada in Brazil (see elsewhere in this issue of OSO). The company's only asset is an anchor handling-vessel of UT 722 L-design under construction at EISA shipyard in Rio de Janeiro. The company has an eight year contract for the vessel with Petrobras for anchor handling work on deep water on the Brazilian Continental Shelf.

    The new vessel is scheduled to be delivered from yard in December 2004 and the charter with Petrobras starts thereafter. The shipbuilding contract between Trico Offshore Ltda and EISA has a price of about US$39 million and the value of the time charter contract with Petrobras is about US$64 million.

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