CH Offshore has disposed a 2008-built offshore vessel for $30m to an Indonesian buyer, Seatrade Asia online reports. The deal was concluded last Friday between CH Offshore's wholly-owned subsidiary Garo as the seller and Bahtera Nusantara Indonesia as the buyer.
Bahtera Nusantara Indonesia is a joint venture company between Venture Offshore, another of CH Offshore's wholly-owned subsidiary, and Bahtera Niaga Internasional, which has secured a charter for the vessel Coral.
The sale of Coral, a 12,240 bhp anchor handling tug supply (AHTS) vessel, will be handed over to Bahtera Nusantara Indonesia on 1 March 2012.
“On completion of the disposal of the vessel, the group will realise a gain of arroximately $3.85m, as the group has a 49% share in the buyer,” CH Offshore said in a statement.
Singapore-listed CH Offshore said the disposal is unlikely to have any material effect on the earnings of the company for the financial year ending 30 June 2012.
Bahtera Nusantara Indonesia is a joint venture company between Venture Offshore, another of CH Offshore's wholly-owned subsidiary, and Bahtera Niaga Internasional, which has secured a charter for the vessel Coral.
The sale of Coral, a 12,240 bhp anchor handling tug supply (AHTS) vessel, will be handed over to Bahtera Nusantara Indonesia on 1 March 2012.
“On completion of the disposal of the vessel, the group will realise a gain of arroximately $3.85m, as the group has a 49% share in the buyer,” CH Offshore said in a statement.
Singapore-listed CH Offshore said the disposal is unlikely to have any material effect on the earnings of the company for the financial year ending 30 June 2012.