DOF reshapes fleet

DOF has announced the sale of four Platform Supply Vessels (PSVs), Skandi Mongstad, Skandi Flora, Skandi Feistein and Skandi Kvitsøy, as part of its ongoing fleet optimisation strategy. The vessels will be delivered to their new owners during the third quarter of 2026 while remaining on their existing contracts. The transaction is expected to generate approximately USD 50 million in net cash after repayment of the debt associated with the vessels.

As part of the agreement, DOF will continue to manage the four PSVs and will retain a minority ownership interest in the acquiring company.

At the same time, the company has acquired two new Construction Support Vessels (CSVs) currently under construction at the PaxOcean shipyard in China. Based on the SALT 310 OCV design, the vessels will be equipped with 250-tonne offshore cranes, two work-class ROVs and accommodation for 123 personnel. They are intended for subsea operations, including inspection, maintenance and repair (IMR) campaigns, as well as offshore construction support, with deliveries scheduled for the fourth quarter of 2027 and the first quarter of 2028.

The transaction reflects DOF’s continued strategy of optimising its fleet by reducing exposure to lower-value PSV assets while expanding its subsea capabilities with higher-specification vessels. The move also comes as the company points to a record backlog and sustained demand for offshore services.