DOF Subsea sells ownership in the joint venture vessel Skandi Arctic

The DOF Subsea Group has entered into an agreement with Technip for the sale of DOF Subsea's ownership in the joint venture vessel Skandi Arctic, with immediate effect. The transaction is done at market terms and will improve the cash position for the Group, the company said in its press release.
 
The charter contract for the vessel Skandi Achiever has been extended by 7 months with Technip and the vessel is now firm until February 2016.