Sevnor snaps up Olympic anchor-handler

Expanding Cyprus-based group on the hunt for more vessels as it seeks term work for Poseidon.

Expanding Cyprus-based owner Sevnor has acquired one of the four offshore vessels being sold by Olympic Ship as part of its restructuring.

The company has taken over the 162-bp anchor-handler Olympic Poseidon (built 1998), E24 reported.

The vessel has been renamed Sayan Cloudberry and will be converted into a standby ship after 18 months in layup.

Hoyland Offshore, which already handles one ship for Sevnor, will manage the unit.

Tom Babinski, commercial director of Sevnor, told the website that the company was not afraid to take risks, having bought the vessel free of any charter.

“I've even been on board and inspected it. Olympic is known to be good at maintaining their ships,” he said.

The company is targeting term deals for Sayan Cloudberry.

An anchor-handler resale it acquired at SPP Shipbuilding in Korea will be handed over this year and the company is looking for more ships, Babinski said.

Two other former Olympic vessels have been sold to an unnamed owner and will be managed by the Dof group. Another was sold to Swire.