Olympic Ship has sold a modern multifunctional subsea support vessel to Swire Pacific Offshore.

The restructuring Oslo-listed company has parted ways with the 115-loa Olympic Athene (built 2014).

Olympic said this sale would have a net positive cash effect of NOK 70m ($8.4m) after repayment of debt.

But it did not disclose the transaction price of the deal.

The delivery of the ship to Swire Pacific took place today and this has left Olympic with 22 vessels.

Olympic