Ezion Holdings has agreed to offload an offshore wind turbine installation vessel for $18.5m, the company confirmed in a regulatory filing.

The unit has been sold to EBO Investment Holdings Ltd, which is described as a holding company that holds investments in a fleet of offshore vessels.

The 72 metre-long Singapore-flagged Teras Ocean (built 2006) was built in China by Nantong Jiaolong Heavy Industry Development Co.