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Hermitage Offshore sells fleet in bankruptcy auction

Scorpio Group’s offshore unit announces winning bids for its fleet of 21 vessels through a Chapter 11 bankruptcy auction in New York

Hermitage raised $80m from creditors for its 10 platform supply vessels, while Tidewater subsidiary VTG Ships bid $5.3m for its 11 crew boats. The PSV proceeds will go towards paying down debt with no cash consideration for the company

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