SD Standard Drilling is raising cash for its renewables push by selling a large platform supply vessel (PSV) at a profit.
The Oslo-listed, Cyprus-based company, backed by tycoon Oystein Stray Spetalen, said it has agreed to offload the 4,000-dwt Standard Olympus (built 2014) for $7.5m.
The ship was acquired at auction from Global Offshore Services of India in 2019 for $8.1m.
