The sale of the Jasper Cosmopolitan to Singapore’s Alyar Offshore was cancelled after the buyer failed to pay a deposit or inspect the vessel.

In early November Jasper said it was selling the semi-submersible vessel for $75.6m after it failed to take delivery due to insufficient funds.

The Paul Carsten Pedersen-led company said it had no alternative sale or charter opportunities in a deteriorating exploration market.

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