The Dutch specialist sold the 5,100-dwt SBM Installer to Malaysia’s Daya Offshore Construction for $180m in cash, it announced today.

A deal is expected to go through early next year subject to the buyer securing financing.

Bruno Chabas, CEO of SMB said: "Today's announcement is in line with SBM Offshore's stated strategy to refocus on its core business of FPSOs and associated products and services while continuing to dispose of non-core assets."

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