Singapore shipyard group Seatrium has decided to sell two of its platform supply vessels for $59.7m.
The vessels will be sold to Brazilian vessel operator Posidonia Shipping and Trading, an unrelated third party.
The transaction will be done via the sale of a 100% stake in Seatrium’s special Brazilian-based shipowning company, Guanabara Navegação, a wholly owned indirect subsidiary.
According to the Singapore firm, the sale is in line with its strategy to divest non-core assets and to enhance capital and operational efficiencies.
The sale will be completed before the end of the financial year and is not expected to result in any operational impact for Seatrium.
