DOF Group Sells Four PSVs, Acquires Two CSVs in Fleet Optimization

DOF Group ASA has completed two distinct vessel transactions as part of its ongoing fleet optimization strategy. The company has sold four platform supply vessels (PSVs) and simultaneously acquired two construction support vessels (CSVs) that are currently under construction.

The newly acquired CSVs are specified as being equipped with 250-tonne cranes. DOF Group stated that these transactions are intended to improve the fleet's earnings capacity and extend its operational lifespan. The company maintains that these moves align with its financial targets, specifically its leverage ratio objective of 1.5 to 2.0 times.

This strategic move indicates a shift in DOF Group's asset portfolio, moving away from smaller supply vessels towards larger, more specialized construction support units. Such an adjustment could position the company to compete for larger offshore construction and subsea projects.

The specific financial details and the identities of the buyers and sellers for these transactions were not disclosed in the announcement. DOF Group's core business areas typically involve offshore energy infrastructure support.