ICBC secures first offshore vessel sale at auction as bidders push up price

Chinese leasing giant sees strong interest for large former Bourbon PSV

The PSV Bourbon Rainbow found a buyer at auction in China.
The PSV Bourbon Rainbow found a buyer at auction in China.Photo: Shipbid

ICBC Financial Leasing has scored its first success at auction as it tries to offload a fleet of offshore vessels at attractively low starting prices.

The company has managed to sell the large 4,300-dwt platform supply vessel Bourbon Rainbow (built 2013) in China, one of 13 ships formerly owned by restructured French company Bourbon, following a tricky start to the process this month.

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