Bartolomej Tomic is managing editor of Offshore Engineer....
Norwegian offshore vessel owner Solstad Offshore has sold six more vessels, wrapping up its fleet 'right-sizing' plan announced in 2020.
As previously reported, back in 2020, Solstad Offshore said that, as part of its restructuring agreement, it would "right-size" its fleet to make it more competitive, with a plan to divest 37 vessels "over a period of time," and has been gradually offloading the unneeded tonnage ever since.
In a statement on Thursday, the Norwegian offshore vessel owner said that its subsidiary Solstad Rederi had sold six vessels of which four PSV’s Sea Trout, Normand Trym, Normand Vibran, REM Supplier, and two AHTS vessels Normand Ivan and Far Santana.
"Delivery of the six vessels to the new owner took place today, April 7th, 2022," Solstad Offshore said.
"With the sale of these vessels, Solstad has completed its divestment program of 36 vessels defined as non-strategic, as announced in 4Q-20. The sale of the 36 vessels has contributed to a reduced debt in Solstad of approximately MNOK 900 [around $102.6 million ]," Solstad Offshore said.
Some vessels were sold for recycling, some for non-oil & gas activity, and some for geographical areas where the company has limited access.
After the sale of the non-strategic fleet, the Solstad Offshore fleet consists of 90 Subsea, Anchor handling, and Platform Supply vessels working in oil and gas and offshore renewables sectors.
President Vladimir Putin said on Wednesday that Russia and the developing world had been "cheated" by a UN-brokered Ukrainian grain export deal…
Lebanon's judiciary is seeking to appoint a second judge to a stalled investigation into the Beirut port blast, sources said…
Wärtsilä introduced its new Wärtsilä 25 medium-speed four-stroke engine based on its modular technology platform and designed…
Companies in the renewables energy business have set out to determine whether a green ammonia floating production vessel…
On 22-23 September, 2022 is the next highly successful International Dry Dock Conference.
Charlotte, NC - The towering green booms of SENNEBOGEN material handlers have long been a familiar sight in American port facilities and barge docks. In more recent years, though
Learn how simulation aids the design of electric propulsion systems in this free on-demand webinar
Subscribe for Maritime Reporter E-News
Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week
© 1996-2022 Maritime Activity Reports, Inc.