Norway's loss-making Sevan Marine has sold its main LNG businesses to Sembcorp Marine of Singapore.

The deal is worth $28m and includes all Sevan's intellectual property, employees, the shares of HiLoad LNG and other assets.

This gives Sembcorp ownership of offshore solutions based on Sevan's cylindrical hull design and HiLoad's offloading and regas technologies

Sevan will be reduced to holding licenses - "with some upside" in the future - and a claim in an ongoing legal battle with Logitel.