Singapore-listed OSV owner Hoe Long is selling two anchor-handlers as part of a plan to exit shipping.
Middle East operator Allianz Offshore Shipmanagement is paying a combined $1.7m for the 5,150-hp Arkstar Eagle 1 and the 5,220-hp Arkstar Eagle 3 (both built 2009), it said.
Hoe Leong was restructured in 2018 and had been actively servicing its debts, but there was a delay in receipt of charter revenues owed to a subsidiary, it added.
