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Home›Business & Finance›With another ship sale out of the way, Solstad sells vessels like hot cakes while other players snap them up
Business & Finance

July 3, 2023 · about 3 years ago

With another ship sale out of the way, Solstad sells vessels like hot cakes while other players snap them up

Solstad Offshore has sold an anchor handling tug supply (AHTS) vessel to a buyer, whose identity has not been revealed.

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AHTS Elang Laut 1; Source: Solstad Offshore

Solstad Rederi, a subsidiary of the Norwegian offshore vessel owner Solstad Offshore, has sold an anchor handling tug supply (AHTS) vessel to a buyer, whose identity has not been revealed.

Solstad Offshore reported on Monday that it had sold the AHTS Elang Laut 1 to an undisclosed buyer, who took delivery of the vessel on 3 July 2023.

According to the Norwegian player, the vessel has been in a lay-up in Asia since 2019 and the sale of the vessel will result in “an immaterial accounting effect.”

Solstad Offshore has embarked on a restructuring mission, thus, the firm agreed to sell its platform supply vessel (PSV) fleet in March 2023 to Tidewater for a total cash consideration of approximately $577 million. This marks an exit from the PSV segment.

A few days later, the firm also sold the AHTS Far Sabre . On the other hand, the Norwegian vessel owner is also winning new deals, as confirmed by a letter of intent (LOI) from May 2023 with a subsea contractor for the charter of the largest vessel in the firm’s fleet.

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