Cyprus, March 9 -- Pelagic Credit plc (the "Company") is pleased to announce completion of the acquisition of the offshore support vessel "Nautical Singapore" for a net purchase price of US$ 24.8 million. Upon delivery, the vessel has entered into a five-year bareboat charter with BCN Two Pte. Ltd., sponsored by Bertling Group. The bareboat charter contract features a floating-rate interest component and adds an estimated bareboat charter backlog (gross firm charter hire) of US$ 28.2m, assuming current SOFR swap rates. The acquisition was completed in line with the Company's strategy to acquire a modern and diverse fleet and to place assets on long-term charter with reputable and well-established counterparties in the industry. The transact...