Offshore News – Solstad secures 6 vessels deal for a project – 31.08.2023

Norwegian OSV player Solstad Offshore has landed a deal with Ocean Installer, a marine construction player, formerly known as Havfram Subsea securing work for six ships on a project in West Africa. NORMAND IVAN entering Grand Harbour, Malta back to May, 2016. The contract, which starts in the fourth quarter of this year, will utilise NORMAND […]

Offshore News – 7 Solstad Vessels Sold For Scrapping – 05.10.2021

Solstad Offshore has sold seven older vessels for green recycling in Norway (Green Yard Feda and Green Yard Kleven) as part of the company’s rescue plan, which involves a divestment of 37 ships. The seven vessels are – FAR SOVEREIGN built by Langsten Slip & Batbyggeri, Norway as yard number 122 in 1999. Homeport is […]

Breaking Up – 1999 built AHTS SEA PANTHER – 20.08.2021

On Friday 20th August, 2021 Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the anchor handling tug/supply (AHTS) SEA PANTHER for Recycling. The company did not say where exactly the SEA PANTHER would be recycled. She was previously owned by Deep Sea Supply, a company that in 2017 merged with […]

Offshore News – Solstad Offshore writes down fleet by almost $100m

Solstad Offshore has retrospectively booked an impairment of NOK850m ($99.28m) on the value of its fleet in the third quarter of 2018. When releasing its original third quarter results, Solstad considered it unnecessary to carry out an impairment test on its fleet value, as it matched independent broker valuations. However, the company was questioned by […]