Norwegian offshore vessel proprietor Solstad Offshore has accomplished its fleet trimming with the sale of its ultimate six non-strategic property.
The Oslo-listed firm has offloaded 4 platform provide vessels and a pair of anchor handlers. Supply of the PSVs Normand Trym, Sea Trout, Normand Vibran and Rem Provider, in addition to AHTS’s Normand Ivan and Far Santana, has already been accomplished, leading to an immaterial accounting impact within the second quarter of 2022.
The sale marks the completion of Solstad’s divestment programme of 36 vessels, which has contributed to a decreased debt of round NOK900m ($103m). After the sale of the non-core vessels, Solstad’s fleet stands at 90 subsea, anchor dealing with, and platform provide vessels.