Norway's DOF Group has cut its fleet further with a rarely seen scrap deal for one of its elderly offshore ships.

The company revealed it had entered into an agreement with a recycler in Turkey for the 3,350-dwt platform supply vessel (PSV) Skandi Hav (built 1983).

No price was given, but VesselsValue rates the vessel as worth just $460,000 on a scrap basis, which is also its value for further trading.