DDW Offshore, a subsidiary of Norway-based oilfield services investment company Akastor, has cancelled the earlier announced sale of the anchor handling tug supply vessel (AHTS) Skandi Peregrino.
Since the charterer has not accepted to novate the relevant contract on the vessel, the agreement to sell the vessel has been cancelled, Akastor said in a press release on Friday, May 16.
DDW Offshore had expected the agreement to be completed in the second quarter of 2025 whereby about US$10 million of the purchase price would be used to repay a proportional portion of the company's debt. The remaining debt with DDW Offshore would have been about US$19 million.
In October 2024, Skandi Peregrino and sister AHTS Skandi Atlantic secured a one-year firm charter for work on behalf of an international oil company in Australian waters beginning in January 2025. The contract also includes options to extend the charter by up to 24 months.