Solstad Offshore closes another PSV sale

Norwegian offshore vessel owner Solstad Offshore continues to further trim its fleet following the final disposal of its non-core assets in April this year.

The Oslo-listed company has offloaded its large platform supply vessel (PSV) Normand Corona to undisclosed buyers.

No price has been revealed for the 4,300 dwt PSV, which VesselsValue estimates as worth $4.8m.

Delivery of the 2006-built vessel has already been completed, a minor positive accounting effect for the second quarter of 2022.

Solstad divested 36 ships as part of the financial restructuring, which contributed to a reduced debt of around NOK900m ($103m) and left the company with a fleet of 90 subsea, anchor handling, and platform supply vessels.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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