Eidesvik Offshore is expecting a cash boost of over $20m after selling a construction support vessel.
Oslo-listed Eidesvik has shed the 130-metre Viking Poseidon (built 2008), according to a statement to the stock exchange on Friday.
It will carry a NOK 130m impairment on the sale but bag NOK 180m ($21.52m) in fresh liquidity.
“The vessel has been laid up since September 2016, so we view the asset sale as positive for Eidesvik as it will reduce the cash burn and release liquidity for a very challenging period ahead,” said analysts at Arctic Securities.
