DOF Subsea Rederi AS, a wholly owned subsidiary in the DOF Subsea AS group, has sold a ship under construction, yard no. 771 at STX OSV AS, to the Commonwealth of Australia (COA). The ship will be delivered to COA on delivery from the building yard, estimated to be first half of May, 2012, the Company said on Monday.
The ship is sold for a price slightly below USD 130 million. The ship will be delivered to COA without it's subsea equipment, hereunder 2 WROVs, 250 T crane, and launch and recovery systems for the two WROVs.
DOF Subsea Rederi AS signed a building contract with STX OSV AS for a new vessel of OSCV 11 design. This new vessel is a lengthened version of yard no. 771 with a total length of approximately 121 m. The new vessel's yard no. is 776.
The subsea equipment from yard. no. 771 will be transferred to yard no. 776. Yard no. 776 will deliver from STX OSV in May 2013. Estimated project price for yard no. 776 is approximately NOK 660 million. This number includes the subsea equipment from yard no. 771 and DOF's estimated costs for construction supervision, spare parts and mobilisation.
DOF was founded in 1981 and is today an international group of companies which owns and operates a modern fleet of offshore-/subsea vessels, and owns engineering capacity to service the subsea market.