Ports of Jersey has agreed to sell one of its workboats to a Caribbean shipping hire company.
Ports has agreed to sell the Duke of Normandy to St Lucia-based Lead Marine Contractors after an initial two-year charter to the company.
The 26m (85ft) boat, which was built in 2005, has been in service for nearly two decades, providing a "range of marine services" including towing, maintaining moorings and levelling the seabed.
Ports said the deal would generate a "short-term income" allowing for its "planned retirement" of the vessel, with money from the sale being reinvested into its fleet.
A spokesperson said: "The Duke will be delivered to the Caribbean in June and re-flagged under Panama, a widely used international ship registry."
Ports said it had acquired a new tug boat, which would be renamed Fleur de Lis, to take over the Duke of Normandy's tug boat duties.
Ports' marine services division operates a fleet of five vessels, it said.
