DOF Subsea Sells Geobay Vessel to Middle East Buyer

DOF Subsea Group has entered into an agreement where the 1978 built vessel Geobay is sold to a Middle East buyer.

The selling price is slightly above book value of the vessel.

The sale is expected to be completed after the ongoing project utilizing the vessel is finalized in May 2013.

Press Release, March 14, 2013; Image: DOF

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