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MarketScreener Homepage  >  Equities  >  Xetra  >  Innogy SE    IGY   DE000A2AADD2


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innogy : sells its offshore installation vessel to Hong Kong based leasing company

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04/22/2020 | 02:53am EDT
  • Divestment fits innogy's strategic decision to exit the offshore service vessel market
  • Installation vessel 'Seabreeze II' successfully delivered to new owner

innogy's offshore installation vessel 'Seabreeze II' has a new owner: innogy has sold and handed over the installation vessel and related equipment to SPIC Ronghe International Financial Leasing Co. Ltd. A corresponding agreement between innogy and the Hong Kong based company had previously been signed in February.

Richard Sandford, Director of Offshore Investment & Asset Management at innogy SE explains:
'A decade ago innogy took the decision to eliminate an important bottleneck in the construction of offshore wind farms via the ownership and operation of its own installation vessels. However, since that time, such bottlenecks have eased through the availability of a range of state of the art installation vessels that are available worldwide in innogy's current and future core markets. As ownership and operation of offshore service vessels is not considered as a core business activity of innogy, and following on from the sale of the sister vessel 'Seabreeze I' ('Victoria Mathias') in 2015, we are convinced that selling our remaining offshore installation vessel 'Seabreeze II' is now the right step for innogy. Nevertheless, the vessel meets the requirements of the currently rapidly growing Asian offshore markets and is a great asset to her new owner. The transaction can be considered as a win-win situation for all stakeholders. I would like to thank the dedicated team that has attended to the vessel over the years for its commitment and the successful realization of this transaction.'

The vessel 'Seabreeze II' (formerly named 'Friedrich Ernestine', currently sailing under the name 'Tuo Peng') was previously under long-term charter to a Chinese joint venture.


Innogy SE published this content on 22 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2020 06:52:05 UTC

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