12th Mar 2018 11:30
The offshore services firm said it acquired the non-strategic assets in February 2017 for a total cost basis up to disposal of
"Having identified the opportunity to move into the offshore service industry, Nautilus moved to acquire a fleet of vessels in late 2016 at the bottom of the oil price cycle," Nautilus Managing Director John Payne said. "This disposal validates that approach and the judicious nature of our acquisition. It also demonstrates our ability to move quickly to monetize our assets. The remaining vessels are currently laid-up, and we continue to monitor the macro-economic environment with a view of recommissioning the fleet to provide maximum economic benefit for all of our stakeholders."
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