Published 2017-03-14 00:00:00
DOF adds the vessel Far Shogun to its fleet
Published by
DOF Management AS

A Norwegian limited company, not owned by DOF, has signed an agreement with Farstad Supply AS regarding purchase of the Far Shogun. Delivery is agreed between 15 June and 15 July 2017.

DOF will enter into a management agreement with the new owner for the management and operation of the vessel. DOF has further an option to purchase the vessel at a price corresponding to the outstanding debt or approximately 50-60% of historical build costs.

Far Shogun is an Anchor handling Tug Supply Vessel and will be renamed Skandi Bergen after the takeover.

In a statement, CEO Mons S. Aase said, "This agreement reflects the challenging market conditions, but we see it again as a vote of confidence in our global organization to be asked to manage and operate this vessel.

Far Shogun is a strategically important vessel to be added to the DOF Group's fleet. The vessel is already a well reputed vessel in the Asia Pacific region but can also be utilized in the South America or Atlantic regions.

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