Seatrium divests platform supply vessels for $77m

Sale supports focus on core operations and capital efficiency.

Seatrium Limited said it will sell its indirect wholly owned subsidiary, Guanabara Navegação Ltda (GNL), to Brazilian vessel operator Posidonia Shipping and Trading for about $77.4m (US$59m), according to a company press release.

GNL owns two platform supply vessels classified as non-core assets. Seatrium said the divestment aligns with its strategy to streamline its portfolio, strengthen capital efficiency, and enhance long-term shareholder value.

The group said the sale will not affect its operations and expects the transaction to be completed before the end of the financial year.

($1.00 = US$0.77)

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