The so-called “distressed sale” of a $140m specialised subsea newbuilding has sparked a “feeding frenzy” in the offshore market among shipowners and also attracted a pack of brokers hoping to attach buyers to the deal, say market sources.
Potential buyers — which TradeWinds understands includes at least one of the large US offshore owners — are circling the 85-metre CSS Derwent (built 2014) and are looking to sink their teeth into a significant bargain, perhaps as low as $110m.
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