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Boskalis will not be drwn on Bibby Offshore rumours

Boskalis will not be drwn on Bibby Offshore rumours
Boskalis is remaining tight lipped over reports it is eyeing buying into Bibby Offshore.

Writing on his own blog, Jeremy Punnett, the founder of offshore consultancy Stamford Maritime, reported: ''I have been told by multiple credible people now that Boskalis are negotiating directly with the Bibby Offshore bondholders to purchase certain assets of the company that would in effect be the refinancing of the company.''

Punnett said the deal being negotiated valued Bibby Offshore at around £52m.

''For that they would get the [dive support vessels] Sapphire, Polaris, and all intellectual property etc and simply collapse the North Sea business into their current operations. The rest will be left for the creditors who will make a minimal recovery,'' Punnett wrote.

However, Boskalis officials refuse to be drawn on the speculation with a spokesperson telling from the company's Dutch headquarters: ''As a matter of company policy, we never comment on rumours.''

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