DOF Group agrees sale of four PSVs, expects USD 50 million net cash proceeds

Reuters2026/07/23 06:15

By:Reuters

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DOF agreed to sell four platform supply vessels, targeting delivery in Q3 2026 while they remain on existing contracts.
Transaction expected to generate about USD 50 million in net cash proceeds following repayment of vessel-related debt.
DOF also agreed to acquire two 250-ton crane construction support vessels under construction, with deliveries expected in Q4 2027 and Q1 2028.
Purchase funded with cash from vessel sales, supported by debt financing; 85% of the price due at delivery.
Moves aim to raise earnings capacity and extend fleet life while maintaining a 1.5-2.0x net debt-to-EBITDA leverage target.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DOF Group ASA published the original content used to generate this news brief via Cision (Ref. ID: 202607230213BITN____UKPR__EN_20260721-BIT-0833-0) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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DOF Group agrees sale of four PSVs, expects USD 50 million net cash proceeds

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