Germany's United Offshore Support (UOS) has sold an anchor-handling tug supply (AHTS) ship into Iceland through a tender.
The country's coastguard has entered into a binding agreement with the company to acquire the large 16,315-bhp GH Endurance (built 2010).
Norwegian broker Seabrokers said a tender process was conducted earlier in the year, with five bids received.
Two of those offers were deemed valid, with the lower bid from Iceland eventually accepted at ISK 1.7bn