The purchase, via the Offshore Merchant Partners’ fund set up with $206m of capital late last year by HitecVision, marks the group’s entry into the offshore shipping business.
Offshore Merchant Partners is buying a 49% stake in Scantank which has management agreements for 12 offshore and shipping projects and owns a fleet of 26 offshore support, bulk and chemical vessels.
The new Oslo-based offshore shipping investment company is also purchasing Bjorgvin’s equity stake in four offshore projects comprising 12 modern Anchor Handling Tug and Anchor Handling Tug Supply vessels on long term bareboat charters.
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