Solstad Offshore offloads another PSV

Solstad Offshore’s move to offload 37 non-strategic vessels continues with the announcement of a third sale this month.

The Norwegian shipowner has sold a fifteen-year-old platform supply vessel (PSV) Far Swan to an unnamed buyer.

Delivery of the Singapore-flagged vessel has already taken place. No price tag was revealed for the sale, which is expected to result in an immaterial accounting effect for Solstad’s Q4 2021. According to VesselsValue, the ship is worth close to $3m.

The Oslo-listed company has reported 13 sales since its latest earnings update, adding to the 12 vessels reported sold at the end of Q2.

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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