Norway’s Floatel International has decided to sell an accommodation vessel that has been laid up since April 2016.
The Oslo-listed group said the 109-loa Floatel Reliance (built 2010) will be gone by the end of the year.
The ship will require “substantial reactivation” before resuming operations, with a predicted lead time of between eight and 10 months, the Oaktree Capital Management and Keppel-backed company added.
