DDW Offshore sells anchor handler for $25m

Norway’s DDW Offshore, a subsidiary of Akastor, has decided to sell one of its anchor handling tug supply (AHTS) vessels to an undisclosed client.

DDW Offshore agreed to sell the 2010-built Skandi Peregrino for a purchase price of $25m.

According to an Oslo Bors filing, the agreement is entered into on saleform 2012 terms, suitably amended, and completion is conditional on the charterer’s consent.

The agreement is expected to be completed in the second quarter of 2025. Following completion, around $10m of the purchase price will be used to repay a proportional portion of DDW Offshore’s debt. The remaining debt will be about $19m.

Upon completion, Akastor intends to distribute a substantial portion of the net proceeds of about $15m as cash dividends to its shareholders.

Before opting for the sale, DDW Offshore won a one-year charter for the vessel back in October 2024. The anchor handler started work in Australia in January this year. The fixture had a further 24-month priced option. The financial terms were not disclosed.