Standard Supply AS: Sale of Standard Viking, Standard Supplier and Standard Defender
Oslo, Norway, November 14th 2023 Standard Supply AS (Standard Supply, OSE: STSU) is pleased to report an en-bloc sale (“Transaction”) of the three large sized PSVs Standard Viking, Standard Supplier and Standard Defender for a gross USD 72.2 million by entering Memorandum of Agreement for sale of each vessel.Adjusting for ownership, proceeds to Standard Supply will be gross USD 69.5 million.
The Transaction is contingent upon certain conditions to be lifted within end-November, and completion is expected no later than mid-January 2024.
Following the sale, the Company will control a fleet of four PSVs with 51% ownership interest. Three of the four vessels are on short-term contracts and available for new charters in the upcoming months.