Fortress Investment Group is acquiring the DP3-rated Micoperi Pride (ex-Cecon Pride, built 2013) which has been valued at $160m on a debt free basis.

Cecon will retain a minority ownership interest in the vessel and in addition will have the ability to realize additional consideration in the form of an earn-out payment.

Cecon said it will collaborate with Fortress to manage the vessel and identify and secure future charters for the vessel.

In