Akastor-backed DDW Offshore has completed the sale of its anchor handler Skandi Atlantic, closing a deal worth $22.75m as the Norwegian owner continues to streamline its offshore fleet. The Oslo-listed oil-services investment group said the transaction was finalised today following charterer consent, which was a condition for completion. Proceeds from the deal will be used in part to cut debt. Around $8m of the purchase price will go towards repaying a proportional share of DDW Offshore’s borrowings, leaving the subsidiary with remaining debt of about $16m. Following the sale of 2012-built Skandi Atlantic, the company retains two AHTS vessels, Skandi Emerald and Skandi Peregrino, both capable of worldwide operations covering anchor handling, towing and supply duties. The transaction follows an earlier, unsuccessful attempt to divest Skandi Peregrino. In March last year, DDW Offshore agreed to sell the vessel, subject to charterer approval. That consent was not granted, and the deal was subsequently cancelled. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway