Greek subsea services company Asso Subsea took delivery of the former Viking Reach, which was previously used in inspection, maintenance and repair (IMR) work, on Monday, October 26.
The IMR vessel has been renamed Arete and will primarily operate as a trenching support vessel (TSV). Asso Subsea said its intended applications include protecting subsea cables, preparing routes, post-lay burial, and offshore wind work.
The seller, Eidesvik Reach, confirmed completion of the sale the same day. Eidesvik Offshore holds 50.1 per cent of the joint venture and Reach Subsea holds the remaining 49.9 per cent.
The deal also covered the vessel's onboard work-class remotely operated vehicle (WROV) and was first announced on August 4.
Built in 2009, the 85.3-metre DP2 vessel previously served as a survey, IMR and light construction vessel. Her equipment includes an active heave compensated crane rated at 70 tonnes, an integrated WROV spread, and survey spreads.
She also has approximately 650 square metres of deck space and accommodation for 72 people.
Asso Subsea has also cited the vessel's shallow-water capability.
The company has described the purchase as an addition to its immediate capacity while two newbuild TSVs are under construction at China Merchants Heavy Industry Shenzhen. Avra is due for delivery before the end of 2027 while her sister ship Andromeda is scheduled to follow in the second quarter of 2028.