Olympic Ship AS - Sale of Vessel
Tuesday 6 December 2016
Olympic Athene AS, a wholly owned subsidiary of Olympic Ship AS, has sold the Multifunctional Subsea Support & Construction Vessel "Olympic Athene" (MT 6022 MKII) to Swire Pacific Offshore Operations Ltd.
Delivery of the vessel to the new owner has taken place today.
The sale will give immaterial accounting effect for the Q4-16 results, and a net positive cash effect of NOK 70 mill after repayment of debt.