Lenders DNB and SEB have been able to buy back the 10-unit platform supply vessel (PSV) fleet of bankrupt Hermitage Offshore for $80m, reflecting a bid of only 62% of the debt they'd extended to the owner.
The banks were the only bidders on the PSVs, eliminating the need for a planned auction, while US-based offshore player Tidewater came away with Hermitage's 11 crew boats for just over $5m.
