DOF ASA - Sale of two vessels under construction

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DOF has today signed an agreement regarding sale of two platform supply vessels (PSV) under construction at Cochin Shipyard Ltd. in India. The vessels have hull no. 81 and 82. Expected deliveries from the yard are December 2010 and February 2011. Delivery to new owners will be back to back with delivery from yard.

The sale of Hull 81 is firm without subjects. The sale of Hull 82 is subject to buyers financing. Named subject to be lifted latest within end August 2010. 

Price per vessel is USD 54 million.

Contact person: CEO Mons Aase, tel. +47 91661012