Norway's Ostensjo Rederi is selling an OSV to the New Zealand navy for a whopping NZD 103m ($69m).

The 2,800-dwt multifunctional support vessel (MSV) Edda Fonn (built 2003) will be delivered in May next year.

VesselsValue values the ship at only $19.73m.

The vessel will be outfitted with dive, ROV and hydrographic systems by Ostensjo early next year.