Oceanpact sells vessels
Automatically generated translation; may contain errors.
OceanPact agrees to sell two PSVs for US$86 million
OceanPact has agreed to sell the platform supply vessels CBO Energy and CBO Wiser to an undisclosed foreign offshore support group for US$86 million, or US$43 million per vessel.
The agreements were signed on November 2 by CBO NW1 AS and CBO NW7 AS, OceanPact’s Norwegian subsidiaries. Both vessels are foreign-flagged.
Closing is expected by December 18, 2026, subject to customary conditions precedent, including corporate approvals, consent from CBO Wiser’s current charter client and other authorizations required under the agreements.
As a condition of CBO Wiser’s sale, the vessel will be bareboat chartered back to Companhia Brasileira de Offshore, OceanPact’s wholly owned subsidiary, for the remaining term of its existing charter contract. CBO will therefore continue operating the vessel for the same client under unchanged contractual terms.
A deposit of 10% of the purchase price is payable within ten business days of signing, with the remaining balance due at closing.
The agreements come less than two months after OceanPact completed its business combination with CBO on September 16. OceanPact said the vessel sales are aligned with its strategy of efficient capital allocation and active fleet management.
This article was produced by Westhon Media for One Energy News.