Dutch FPSO specialist SBM Offshore is preparing to sell a non-core offshore support vessel after buying out Ocean Yield's share in the ship.
SBM owns 25% of OS Installer (OSI), the joint venture that controls the 111-loa diving support and construction vessel SBM Installer (built 2013).
It is paying $30m in cash to Norway's Ocean Yield for its 75% holding in the venture.
