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Norwegian Solutions

Shogun deal gives DOF option to acquire high spec AHTS

Mon 13 Mar 2017 by David Foxwell

<i>Shogun</i> deal gives DOF option to acquire high spec AHTS
Far Shogun is well-regarded in the Asia Pacific region

DOF in Norway says a Norwegian limited company that it does not own has signed an agreement with Farstad Supply regarding acquisition of the anchor handler Far Shogun.

Delivery will take place between 15 June and 15 July 2017.

DOF will enter into a management agreement with the new owner for the management and operation of the vessel and has an option to purchase the vessel at a price corresponding to the outstanding debt or approximately 50-60 per cent of historical build costs.

DOF's chief executive Mons Aase said: “Far Shogun is a strategically important vessel to be added to DOF’s fleet. The vessel is already well-regarded in the Asia Pacific region but can also be utilised in South America or the Atlantic.”

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