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Jan De Nul buys advanced construction and cable-lay vessel


Connector [Photo; Jan de Nul/Christopher Petersen]
Luxembourg-based Jan De Nul Group reports that it is the buyer of the of the offshore construction and cable-lay vessel
Connector. Last Friday, vessel owning company Ocean Yield ASA disclosed that it had sold the vessel and that it would record a non-cash book loss of $70 million on the sale.
“The
Connector was operating on a long-term bareboat charter until February 2017,” says Andreas Reklev, SVP Investments of Ocean Yield ASA, “In anticipation of a market recovery, Ocean Yield has for the past years traded the vessel in the short-term market. Through this position we have realized that in fact an industrial setup is required to operate the vessel efficiently in the cable-lay market whereby total solutions can be offered including dedicated engineering and operations teams. As such, we believe Jan De Nul will be well placed to efficiently operate the vessel which we see leaving in an excellent condition a ....

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